Comfort Systems USA, Inc. (NYSE:FIX) to Issue Dividend Increase – $0.30 Per Share

Comfort Systems USA, Inc. (NYSE:FIX) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 13th will be given a dividend of 0.30 per share by the construction company on Friday, May 24th. This represents a $1.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25.

Comfort Systems USA has increased its dividend by an average of 26.0% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Comfort Systems USA has a dividend payout ratio of 7.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $12.88 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.8%.

Comfort Systems USA Stock Down 3.0 %

FIX stock traded down $9.40 on Friday, reaching $302.00. 662,976 shares of the company traded hands, compared to its average volume of 297,811. Comfort Systems USA has a one year low of $133.24 and a one year high of $335.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The company has a market cap of $10.78 billion, a P/E ratio of 29.90 and a beta of 1.19. The firm has a fifty day simple moving average of $303.25 and a 200-day simple moving average of $234.42.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 29.68% and a net margin of 6.51%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $1.51 EPS. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. Research analysts anticipate that Comfort Systems USA will post 11.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. DA Davidson raised their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. KeyCorp started coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, UBS Group increased their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th.

Insider Buying and Selling at Comfort Systems USA

In other news, COO T Mckenna Trent sold 14,185 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the transaction, the chief operating officer now directly owns 22,644 shares in the company, valued at approximately $6,307,486.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the sale, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,614 shares of company stock worth $13,739,345. Insiders own 1.80% 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.