Key Points
- CFO William George III sold 4,000 shares of Comfort Systems USA for about $7.79 million, cutting his position by 10.58% to 33,804 shares. The filing comes after additional recent insider sales, including another 1,000 shares on May 11 and 9,000 shares on February 23.
- The company posted a strong quarterly earnings beat on April 23, reporting $10.51 EPS versus $6.81 expected and revenue of $2.87 billion versus $2.39 billion expected. Revenue jumped 56.5% year over year, and analysts currently expect full-year EPS of 43.17.
- Comfort Systems USA raised its quarterly dividend to $0.80 per share from $0.70, payable May 26. The move reflects a low payout ratio of 8.08% and adds to generally positive analyst sentiment, with a consensus rating of “Moderate Buy.”
Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) CFO William George III sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the transaction, the chief financial officer directly owned 32,804 shares of the company's stock, valued at approximately $66,295,571.84. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
William George III also recently made the following trade(s):
- On Friday, May 8th, William George III sold 4,000 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,948.17, for a total value of $7,792,680.00.
- On Monday, February 23rd, William George III sold 9,000 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,434.97, for a total value of $12,914,730.00.
Comfort Systems USA Trading Down 0.8%
Shares of FIX stock opened at $2,017.30 on Wednesday. Comfort Systems USA, Inc. has a 1 year low of $452.04 and a 1 year high of $2,045.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The stock's 50 day simple moving average is $1,562.77 and its two-hundred day simple moving average is $1,240.28. The company has a market cap of $71.01 billion, a PE ratio of 58.20 and a beta of 1.70.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the business posted $4.75 earnings per share. The company's quarterly revenue was up 56.5% compared to the same quarter last year. Research analysts predict that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be issued a $0.80 dividend. The ex-dividend date is Friday, May 15th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is currently 8.08%.
Wall Street Analyst Weigh In
Several research analysts have commented on FIX shares. Wall Street Zen downgraded Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Sunday. UBS Group raised their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a report on Monday, April 27th. DA Davidson raised their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. KeyCorp upgraded Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price objective on the stock in a report on Friday, April 24th. Finally, Stifel Nicolaus raised their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,923.20.
Read Our Latest Research Report on Comfort Systems USA
Trending Headlines about Comfort Systems USA
Here are the key news stories impacting Comfort Systems USA this week:
- Positive Sentiment: Comfort Systems recently increased its quarterly dividend to $0.80 per share from $0.70, signaling management confidence in cash generation and shareholder returns. 5 Stocks Positioned to Win the AI Data Center Buildout
- Positive Sentiment: The company reported strong quarterly results on April 23, with EPS of $10.51 versus $6.81 expected and revenue of $2.87 billion versus $2.39 billion expected, helped by 56.5% year-over-year revenue growth.
- Positive Sentiment: Analysts remain broadly constructive, with several recent price-target increases and a consensus rating of “Moderate Buy,” supporting the stock’s longer-term momentum.
- Neutral Sentiment: Articles noted continued interest tied to data-center construction demand and the company’s role in AI-related infrastructure spending, which can support the growth story but was not a new company-specific announcement. Comfort Systems USA (FIX) Rallied on Strong Demand from Data Center Construction
- Negative Sentiment: CFO William George III sold 1,000 shares at an average price of $2,020.96, and the filing followed a larger 4,000-share sale days earlier, adding to concerns that insiders may be taking profits after the stock’s sharp advance.
- Negative Sentiment: CAO Julie Shaeff also sold 1,123 shares at an average price of $2,000.37, reinforcing the short-term headwind from insider selling.
Institutional Trading of Comfort Systems USA
Several hedge funds and other institutional investors have recently bought and sold shares of FIX. Spire Wealth Management boosted its position in shares of Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company's stock worth $5,031,000 after purchasing an additional 4,679 shares in the last quarter. Caerus Investment Advisors LLC acquired a new stake in shares of Comfort Systems USA in the 3rd quarter worth $767,000. Moran Wealth Management LLC raised its stake in Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company's stock worth $26,465,000 after acquiring an additional 7,192 shares during the last quarter. Private Advisor Group LLC raised its stake in Comfort Systems USA by 50.1% in the 3rd quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company's stock worth $6,420,000 after acquiring an additional 2,598 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Comfort Systems USA by 3,378.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company's stock worth $79,079,000 after acquiring an additional 82,295 shares during the last quarter. Institutional investors own 96.51% of the company's stock.
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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