Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) Target Price at $493.50

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $493.50.

Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Northcoast Research started coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price on the stock. Finally, Stifel Nicolaus began coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a "buy" rating and a $524.00 price objective on the stock.

Comfort Systems USA Stock Performance

FIX traded down $8.51 on Tuesday, hitting $454.47. 287,380 shares of the stock traded hands, compared to its average volume of 377,399. The business has a fifty day moving average price of $444.82 and a two-hundred day moving average price of $370.48. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA has a 52 week low of $194.30 and a 52 week high of $510.79. The firm has a market capitalization of $16.18 billion, a PE ratio of 35.42 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the business earned $2.74 earnings per share. Comfort Systems USA's quarterly revenue was up 31.5% compared to the same quarter last year. On average, research analysts predict that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. Comfort Systems USA's payout ratio is currently 10.71%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares in the company, valued at $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the transaction, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,200 shares of company stock worth $15,431,250. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FIX. State Street Corp increased its position in Comfort Systems USA by 0.6% during the third quarter. State Street Corp now owns 1,055,561 shares of the construction company's stock worth $412,038,000 after acquiring an additional 6,496 shares during the period. Geode Capital Management LLC raised its position in shares of Comfort Systems USA by 6.8% in the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company's stock valued at $292,093,000 after buying an additional 47,929 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Comfort Systems USA by 2.1% in the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company's stock valued at $126,461,000 after buying an additional 8,578 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Comfort Systems USA during the third quarter worth approximately $138,987,000. Finally, Millennium Management LLC increased its stake in Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock worth $104,229,000 after acquiring an additional 283,416 shares during the period. Institutional investors own 96.51% of the company's stock.

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.