Comfort Systems USA, Inc. (NYSE:FIX) Given Consensus Recommendation of “Buy” by Analysts

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received a consensus rating of “Buy” from the four analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $530.75.

Several research firms have recently commented on FIX. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Stifel Nicolaus lowered their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, DA Davidson increased their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a report on Monday.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded down $5.41 during midday trading on Monday, hitting $392.02. 296,550 shares of the stock traded hands, compared to its average volume of 439,331. The firm has a market capitalization of $13.85 billion, a P/E ratio of 26.87 and a beta of 1.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a 50-day moving average of $345.86 and a two-hundred day moving average of $412.26. Comfort Systems USA has a one year low of $272.93 and a one year high of $553.09.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the business earned $2.69 EPS. The business’s quarterly revenue was up 19.1% on a year-over-year basis. On average, equities analysts forecast that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.46%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors have recently bought and sold shares of the stock. Tradewinds Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Versant Capital Management Inc boosted its stake in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after buying an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after buying an additional 77 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Finally, Colonial Trust Co SC raised its holdings in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 67 shares in 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, 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.