Comfort Systems USA (NYSE:FIX) Reaches New 52-Week High – Here’s What Happened

Comfort Systems USA, Inc. (NYSE:FIX) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $432.19 and last traded at $432.10, with a volume of 1541 shares changing hands. The stock had previously closed at $410.99.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th.

Comfort Systems USA Stock Performance

The stock’s 50 day moving average is $383.20 and its two-hundred day moving average is $341.69. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 35.35 and a beta of 1.13. 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) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $2.74 earnings per share. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. Analysts expect that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is 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 0.30%. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Activity

In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the transaction, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO William George III sold 5,845 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the transaction, the chief financial officer now owns 55,099 shares in the company, valued at approximately $18,301,683.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the sale, the insider now owns 219,205 shares of the company’s stock, valued at $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,591 shares of company stock valued at $14,835,665. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIX. Duality Advisers LP bought a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $409,000. SG Americas Securities LLC raised its stake in Comfort Systems USA by 61.2% in the first quarter. SG Americas Securities LLC now owns 1,725 shares of the construction company’s stock valued at $548,000 after purchasing an additional 655 shares in the last quarter. Lisanti Capital Growth LLC lifted its position in Comfort Systems USA by 0.5% during the first quarter. Lisanti Capital Growth LLC now owns 24,235 shares of the construction company’s stock worth $7,700,000 after purchasing an additional 130 shares during the period. TimesSquare Capital Management LLC grew its stake in Comfort Systems USA by 7.6% during the first quarter. TimesSquare Capital Management LLC now owns 73,866 shares of the construction company’s stock worth $23,468,000 after buying an additional 5,196 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at approximately $550,000. 96.51% of the stock is 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.