Key Points
- Director Franklin Myers sold 4,500 shares of Comfort Systems USA on May 7 at an average price of $1,902.57, generating about $8.56 million. After the sale, he still owned 68,983 shares, a 6.12% reduction in his stake.
- The company posted strong quarterly results, with EPS of $10.51 versus estimates of $6.81 and revenue of $2.87 billion, well above forecasts. Revenue rose 56.5% year over year, and the business reported a 12.07% net margin and 51.69% return on equity.
- Comfort Systems USA raised its dividend to $0.80 per quarter from $0.70, payable May 26, signaling a modest increase in shareholder returns. The stock also has strong analyst support, with a consensus rating of “Moderate Buy” and an average target price of $1,923.20.
Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director Franklin Myers sold 4,500 shares of the company's stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the transaction, the director owned 68,983 shares of the company's stock, valued at $131,244,986.31. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Franklin Myers also recently made the following trade(s):
- On Wednesday, February 25th, Franklin Myers sold 8,636 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16.
Comfort Systems USA Price Performance
Shares of NYSE FIX opened at $1,950.66 on Friday. The firm has a 50-day simple moving average of $1,529.16 and a 200-day simple moving average of $1,215.34. The stock has a market capitalization of $68.66 billion, a price-to-earnings ratio of 56.28 and a beta of 1.70. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 52 week low of $430.79 and a 52 week high of $2,018.05.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts' consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company's quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.75 earnings per share. On average, equities analysts predict that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. Comfort Systems USA's dividend payout ratio (DPR) is currently 8.08%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. UBS Group increased their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a "buy" rating in a research report on Monday, April 27th. DA Davidson increased their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Zacks Research cut shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Finally, Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Moderate Buy" and an average target price of $1,923.20.
View Our Latest Research Report on Comfort Systems USA
Institutional Investors Weigh In On Comfort Systems USA
Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Comfort Systems USA by 10.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,072 shares of the construction company's stock worth $5,615,000 after purchasing an additional 383 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in Comfort Systems USA during the first quarter worth about $259,000. Baader Bank Aktiengesellschaft purchased a new position in Comfort Systems USA during the first quarter worth about $1,914,000. Andra AP fonden boosted its stake in Comfort Systems USA by 79.7% during the first quarter. Andra AP fonden now owns 14,013 shares of the construction company's stock worth $19,324,000 after buying an additional 6,213 shares during the period. Finally, Summit Global Investments purchased a new position in Comfort Systems USA during the first quarter worth about $411,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.
About Comfort Systems USA
(
Get Free Report)
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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