Comfort Systems USA, Inc. (NYSE:FIX – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.90 per share by the construction company on Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, August 13th. This is a 12.5% increase from Comfort Systems USA’s previous quarterly dividend of $0.80.
Comfort Systems USA has raised its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 13 years. Comfort Systems USA has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Comfort Systems USA to earn $57.27 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 6.3%.
Comfort Systems USA Stock Down 1.0%
NYSE:FIX opened at $1,676.96 on Tuesday. The company’s 50-day simple moving average is $1,804.37 and its 200-day simple moving average is $1,621.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA has a fifty-two week low of $655.96 and a fifty-two week high of $2,073.99. The stock has a market capitalization of $59.01 billion, a P/E ratio of 41.24 and a beta of 1.69.
Insider Activity
In other news, Director Franklin Myers sold 6,700 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director directly owned 62,115 shares in the company, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.24% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Avalon Trust Co purchased a new stake in Comfort Systems USA during the second quarter worth about $32,000. Carolina Wealth Advisors LLC increased its holdings in Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after buying an additional 7 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in Comfort Systems USA in the fourth quarter valued at about $28,000. CENTRAL TRUST Co acquired a new stake in shares of Comfort Systems USA during the 1st quarter valued at approximately $46,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Comfort Systems USA during the 1st quarter valued at approximately $46,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.
Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.
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