Shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Free Report) traded up 5.4% during trading on Monday. The company traded as high as $1,247.28 and last traded at $1,223.6520. 86,750 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 437,499 shares. The stock had previously closed at $1,160.86.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. DA Davidson set a $1,850.00 target price on Comfort Systems USA in a research note on Monday. Weiss Ratings cut Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. KeyCorp reduced their price target on Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating for the company in a report on Monday. The Goldman Sachs Group set a $1,875.00 price objective on Comfort Systems USA in a report on Tuesday, October 20th. Finally, Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,916.14.
Check Out Our Latest Analysis on FIX
Comfort Systems USA Stock Performance
The firm’s 50-day moving average price is $1,585.43 and its 200 day moving average price is $1,592.76.
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.40 billion. The firm’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter last year, the business posted $8.25 earnings per share. On average, research analysts forecast that Comfort Systems USA, Inc. will post 49.21 EPS for the current fiscal year.
Comfort Systems USA Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, November 12th. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90.
Insider Activity
In other news, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 16,024 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,078 shares of company stock worth $43,211,828. 1.24% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Comfort Systems USA
A number of large investors have recently bought and sold shares of FIX. BOKF NA acquired a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $495,000. Motley Fool Asset Management LLC lifted its holdings in shares of Comfort Systems USA by 15.3% in the 3rd quarter. Motley Fool Asset Management LLC now owns 3,306 shares of the construction company’s stock worth $5,468,000 after purchasing an additional 438 shares during the last quarter. North Dakota State Investment Board boosted its position in Comfort Systems USA by 20.1% during the 3rd quarter. North Dakota State Investment Board now owns 1,243 shares of the construction company’s stock valued at $2,056,000 after purchasing an additional 208 shares during the period. Latitude Advisors LLC acquired a new position in Comfort Systems USA during the 3rd quarter valued at approximately $108,000. Finally, Balance Wealth Partners LLC acquired a new position in Comfort Systems USA during the 3rd quarter valued at approximately $83,000. Institutional investors own 96.51% of the company’s stock.
About Comfort Systems USA
Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.
Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.
Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.
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