Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) PT at $494.60

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been assigned a consensus rating of “Buy” from the five analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $494.60.

A number of research firms recently issued reports on FIX. UBS Group raised their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Northcoast Research started coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday. Stifel Nicolaus reduced their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th.

Comfort Systems USA Stock Up 2.0 %

Shares of FIX opened at $375.01 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a 50 day moving average price of $439.93 and a 200 day moving average price of $416.50. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 25.67 and a beta of 1.22. Comfort Systems USA has a one year low of $272.92 and a one year high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Equities research analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.43%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after acquiring an additional 28 shares during the last quarter. Dakota Wealth Management grew its stake in shares of Comfort Systems USA by 3.8% during the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock worth $334,000 after buying an additional 29 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after purchasing an additional 31 shares during the period. Private Trust Co. NA lifted its holdings in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after purchasing an additional 31 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after purchasing an additional 32 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.