Key Points
- Director Rhoman Hardy sold 342 shares of Comfort Systems USA at an average price of $1,900.08, totaling about $649,827. After the sale, Hardy still owned 1,890 shares worth roughly $3.59 million.
- The company recently reported strong quarterly results, with EPS of $10.51 versus the $6.81 estimate and revenue of $2.87 billion, up 56.5% from a year earlier.
- Comfort Systems USA also raised its quarterly dividend to $0.80 per share from $0.70, while Wall Street remains broadly positive with a consensus Buy rating and average target price of $1,969.33.
Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director Rhoman Hardy sold 342 shares of the stock in a transaction 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 transaction, the director owned 1,890 shares of the company's stock, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Comfort Systems USA Trading Down 0.5%
Shares of FIX stock opened at $1,857.34 on Friday. Comfort Systems USA, Inc. has a 52-week low of $465.05 and a 52-week high of $2,073.99. The stock has a market cap of $65.38 billion, a price-to-earnings ratio of 53.59 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a fifty day moving average of $1,684.30 and a 200-day moving average of $1,318.83.
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 the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the company earned $4.75 EPS. The firm's revenue for the quarter was up 56.5% compared to the same quarter last year. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.70. Comfort Systems USA's payout ratio is currently 9.23%.
Institutional Trading of Comfort Systems USA
Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its holdings in shares of Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company's stock valued at $1,100,000 after purchasing an additional 993 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company's stock valued at $741,000 after purchasing an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Comfort Systems USA by 40.9% in the second 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 last quarter. WINTON GROUP Ltd acquired a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $567,000. Finally, Sei Investments Co. raised its holdings in shares of Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company's stock valued at $23,395,000 after purchasing an additional 17,839 shares during the last quarter. 96.51% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Glj Research assumed coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a "buy" rating and a $2,001.00 target price on the stock. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Monday. UBS Group upped 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. Wall Street Zen downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. Finally, KeyCorp upgraded shares of Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 target price on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $1,969.33.
Read Our Latest Analysis on Comfort Systems USA
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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