Comfort Systems USA (NYSE:FIX) Sets New 12-Month High at $361.76

Comfort Systems USA, Inc. (NYSE:FIX)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $361.76 and last traded at $361.50, with a volume of 11186 shares traded. The stock had previously closed at $356.93.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Stock Performance

The company has a 50 day moving average price of $323.24 and a 200 day moving average price of $318.50. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 35.37 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business earned $1.93 EPS. Comfort Systems USA’s revenue was up 39.6% on a year-over-year basis. On average, research analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.34%. Comfort Systems USA’s payout ratio is 11.88%.

Insider Activity

In related news, CFO William George III sold 5,845 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the sale, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the transaction, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. The disclosure for this sale can be found here. Insiders sold 24,391 shares of company stock valued at $8,076,855 in the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Comfort Systems USA

A number of hedge funds have recently made changes to their positions in FIX. Capital World Investors lifted its stake in Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after purchasing an additional 451,852 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in Comfort Systems USA by 56.4% in the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock valued at $211,924,000 after buying an additional 240,466 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Comfort Systems USA by 2.1% during the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after purchasing an additional 8,578 shares in the last quarter. Norges Bank bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at about $81,299,000. Finally, Millennium Management LLC raised its stake in shares of Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after purchasing an additional 283,416 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.