Comfort Systems USA, Inc. (NYSE:FIX – Free Report) – Equities research analysts at DA Davidson increased their FY2024 EPS estimates for Comfort Systems USA in a research note issued to investors on Wednesday, February 28th. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $11.42 for the year, up from their previous forecast of $9.56. DA Davidson has a “Buy” rating and a $350.00 price objective on the stock. The consensus estimate for Comfort Systems USA’s current full-year earnings is $9.56 per share.
A number of other equities research analysts also recently weighed in on FIX. UBS Group lifted their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, KeyCorp assumed coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company.
View Our Latest Research Report on FIX
Comfort Systems USA Trading Up 3.0 %
Shares of FIX stock opened at $314.93 on Friday. The firm has a 50 day moving average price of $226.82 and a two-hundred day moving average price of $197.91. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $11.24 billion, a PE ratio of 34.99 and a beta of 1.12. Comfort Systems USA has a 12-month low of $127.09 and a 12-month high of $315.42.
Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.40. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $1.54 earnings per share.
Comfort Systems USA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. Comfort Systems USA’s payout ratio is 11.11%.
Insider Buying and Selling at Comfort Systems USA
In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the transaction, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Rhoman J. Hardy acquired 784 shares of the stock in a transaction on Wednesday, December 6th. The stock was acquired at an average cost of $191.32 per share, for a total transaction of $149,994.88. Following the completion of the transaction, the director now directly owns 1,287 shares in the company, valued at $246,228.84. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The disclosure for this sale can be found here. Insiders sold a total of 26,814 shares of company stock worth $7,222,505 over the last three months. Corporate insiders own 2.48% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in FIX. Byrne Asset Management LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter worth $26,000. Point72 Asset Management L.P. bought a new stake in shares of Comfort Systems USA during the second quarter worth $35,000. Brown Brothers Harriman & Co. grew its stake in shares of Comfort Systems USA by 2,814.3% during the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock worth $36,000 after buying an additional 394 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Comfort Systems USA by 172.9% during the fourth quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock worth $42,000 after buying an additional 230 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of Comfort Systems USA by 2,410.0% during the third quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company’s stock worth $43,000 after buying an additional 241 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
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