Comfort Systems USA (NYSE:FIX) Sets New 12-Month High – Should You Buy?

Comfort Systems USA, Inc. (NYSE:FIX) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1,066.94 and last traded at $1,064.0480, with a volume of 64447 shares trading hands. The stock had previously closed at $1,038.18.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FIX shares. UBS Group lifted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. DA Davidson reiterated a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Finally, Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus price target of $1,011.75.

Comfort Systems USA Stock Performance

The company has a market capitalization of $37.60 billion, a PE ratio of 45.30 and a beta of 1.66. The business’s 50-day moving average is $961.86 and its 200-day moving average is $808.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million for the quarter. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.16%.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares of the company’s stock, valued at $171,478,206.24. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 4,370 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the sale, the chief financial officer directly owned 39,824 shares in the company, valued at $38,186,437.12. This trade represents a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,028 shares of company stock valued at $25,381,151. Company insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after buying an additional 993 shares during the last quarter. Focus Partners Wealth lifted its position in Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,208 shares in the last quarter. Strs Ohio purchased a new stake in Comfort Systems USA during the 1st quarter valued at $817,000. Kera Capital Partners Inc. bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth $236,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Comfort Systems USA by 25.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 246 shares of the construction company’s stock worth $132,000 after purchasing an additional 50 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.