Comfort Systems USA (NYSE:FIX) Upgraded by Sidoti to "Buy" Rating

Sidoti upgraded shares of Comfort Systems USA (NYSE:FIX - Free Report) from a neutral rating to a buy rating in a research report report published on Monday morning, Marketbeat reports. Sidoti currently has $552.00 target price on the construction company's stock.

FIX has been the topic of a number of other reports. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Northcoast Research started coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective on the stock. UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus boosted their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Comfort Systems USA currently has an average rating of "Buy" and a consensus price target of $494.60.

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Comfort Systems USA Stock Performance

Shares of FIX traded down $17.52 on Monday, reaching $357.28. 663,733 shares of the company's stock traded hands, compared to its average volume of 556,806. The stock's 50 day simple moving average is $439.93 and its two-hundred day simple moving average is $416.50. The stock has a market cap of $12.70 billion, a PE ratio of 24.45 and a beta of 1.22. Comfort Systems USA has a 52-week low of $272.92 and a 52-week high of $553.09. 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 (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.46. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.45%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA's payout ratio is currently 10.95%.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after purchasing an additional 28 shares during the period. Dakota Wealth Management increased its position in shares of Comfort Systems USA by 3.8% during the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock valued at $334,000 after buying an additional 29 shares during the period. Covestor Ltd increased its position in shares of Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company's stock valued at $182,000 after buying an additional 31 shares during the period. Private Trust Co. NA lifted its holdings in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after buying an additional 31 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Comfort Systems USA by 9.3% in the third quarter. Signaturefd LLC now owns 377 shares of the construction company's stock valued at $147,000 after acquiring an additional 32 shares during the period. Hedge funds and other 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.