Comfort Systems USA (NYSE:FIX) Stock Passes Above 200-Day Moving Average - What's Next?

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $379.24 and traded as high as $433.48. Comfort Systems USA shares last traded at $429.29, with a volume of 186,436 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus began coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a "buy" rating and a $524.00 target price on the stock. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target on the stock. UBS Group boosted their price objective 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. Finally, StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $493.50.

Comfort Systems USA Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 32.45 and a beta of 1.18. The company has a fifty day moving average price of $449.45 and a two-hundred day moving average price of $380.01.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.33%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock valued at $15,431,250 in the last ninety days. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd raised its stake in shares of Comfort Systems USA by 7.1% during the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company's stock worth $182,000 after buying an additional 31 shares during the last quarter. Signaturefd LLC grew 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 purchasing an additional 32 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Comfort Systems USA by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company's stock valued at $746,000 after purchasing an additional 34 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Comfort Systems USA by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company's stock worth $407,000 after purchasing an additional 35 shares in the last quarter. Finally, Mount Lucas Management LP raised its position in shares of Comfort Systems USA by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company's stock worth $673,000 after purchasing an additional 40 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.