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

Comfort Systems USA, Inc. (NYSE:FIX – Get Your Free Report ) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $404.90 and last traded at $404.90, with a volume of 6458 shares changing hands. Shares previously closed at $394.51.

Changes in Analyst Ratings

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

Check out our latest research report on FIX

Comfort Systems USA Price Performance

The stock has a 50-day moving average of $341.23 and a two-hundred-day moving average of $324.96. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 39.13 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 0.97, and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX – Get Your Free Report ) last posted its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. In the same period last year, the company posted earnings of $1.93 per share. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. On average, analysts anticipate that Comfort Systems USA, Inc. will post 13.79 EPS for the current year.

Comfort Systems USA announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a yield of 0.30%. The ex-dividend date of this dividend was Monday, August 12. Comfort Systems USA’s dividend payout ratio (DPR) is currently 11.88%.

Insider activity at Comfort Systems USA

In related news, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website. In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was 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 directly owns 55,099 shares of the company’s stock, valued at approximately $18,301,683.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. Also, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,391 shares of company stock worth $8,076,855. Company insiders own 1.80% of the company’s shares.

Hedge Funds Influence Comfort Systems USA

A number of hedge funds have recently added to or reduced their stakes in FIX. GAMMA Investing LLC boosted its position in Comfort Systems USA by 13.6% in the second quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock worth $107,000 after acquiring an additional 42 shares in the last quarter. Caprock Group LLC boosted its holdings in Comfort Systems USA by 9.8% in the second quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock worth $214,000 after purchasing an additional 63 shares in the last quarter. Sunbelt Securities Inc. grew its position in Comfort Systems USA by 22.0% in the second quarter. Sunbelt Securities Inc. now owns 350 shares of the construction company’s stock worth $106,000 after purchasing an additional 63 shares during the last quarter. CWM LLC raised its position in Comfort Systems USA by 60.3% in the second quarter. CWM LLC now owns 218 shares of the construction company’s stock worth $66,000 after purchasing an additional 82 shares during the last quarter. Finally, Lifestyle Asset Management Inc. boosted its holdings in Comfort Systems USA by 9.6% during the second quarter. Lifestyle Asset Management Inc. now owns 1,107 shares of the construction company’s stock valued at $337,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s shares.

About Comfort Systems USA

(Get a free report)

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair and replacement services to the mechanical and electrical service industry in the United States. It works 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.

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