Comfort Systems USA (NYSE:FIX) Price Target Raised to $512.00

Comfort Systems USA (NYSE:FIX) had its price target lifted by Stifel Nicolaus from $471.00 to $512.00 in a research note published on Friday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other research firms have also recently weighed in on FIX. Wall Street Zen cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. DA Davidson increased their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Finally, Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $525.80.

Comfort Systems USA Stock Up 1.9%

Shares of Comfort Systems USA stock opened at $471.20 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA has a one year low of $272.93 and a one year high of $553.09. The company has a market cap of $16.62 billion, a P/E ratio of 32.25 and a beta of 1.48. The firm has a fifty day moving average of $383.89 and a two-hundred day moving average of $417.17.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $2.69 EPS. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.45 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.80%.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the transaction, the insider now directly owns 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William George III sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the transaction, the chief financial officer now owns 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock valued at $14,642,235 in the last ninety days. Insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Consolidated Planning Corp raised its holdings in Comfort Systems USA by 49.0% in the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after buying an additional 1,573 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $39,038,000. BOCHK Asset Management Ltd purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $509,000. HB Wealth Management LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $292,000. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Comfort Systems USA by 63.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 1,065 shares of the construction company’s stock valued at $452,000 after purchasing an additional 413 shares during the period. Hedge funds and other institutional investors 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.