Comfort Systems USA (NYSE:FIX) Sets New 12-Month High – Still a Buy?

Comfort Systems USA, Inc. (NYSE:FIX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1,150.03 and last traded at $1,136.6670, with a volume of 146109 shares. The stock had previously closed at $1,134.75.

Analyst Ratings Changes

FIX has been the topic of several research reports. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. DA Davidson restated a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus price target of $1,011.75.

Comfort Systems USA Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $40.49 billion, a price-to-earnings ratio of 48.60 and a beta of 1.66. The business has a 50-day moving average price of $978.11 and a 200-day moving average price of $831.92.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $1.96. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the company posted $4.09 EPS. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were paid a $0.60 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the completion of the sale, the director directly owned 82,901 shares in the company, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the sale, the director directly owned 4,000 shares in the company, valued at $4,021,640. This trade represents a 38.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,028 shares of company stock worth $25,381,151 in the last three months. 1.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

A number of large investors have recently bought and sold shares of FIX. NewEdge Advisors LLC boosted its holdings in shares of Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after acquiring an additional 993 shares during the last quarter. Focus Partners Wealth boosted its position in Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after purchasing an additional 313 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Comfort Systems USA by 73.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,816 shares of the construction company’s stock worth $6,933,000 after buying an additional 5,441 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Comfort Systems USA by 10.6% in the second quarter. Farther Finance Advisors LLC now owns 1,219 shares of the construction company’s stock valued at $654,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.