Comfort Systems USA (NYSE:FIX) Shares Gap Up on Earnings Beat

Comfort Systems USA, Inc. (NYSE:FIX) shares gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $382.13, but opened at $411.56. Comfort Systems USA shares last traded at $388.76, with a volume of 131,266 shares changing hands.

The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.44%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FIX shares. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. UBS Group raised their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $506.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hollencrest Capital Management purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after acquiring an additional 77 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Colonial Trust Co SC boosted its stake in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 67 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in shares of Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company’s stock worth $45,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 5.2 %

The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average price is $446.90 and its two-hundred day moving average price is $414.14. The firm has a market cap of $12.89 billion, a PE ratio of 27.71 and a beta of 1.22.

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.