Comfort Systems USA, Inc. (NYSE:FIX) Stock Has Consensus Target Price of $1,916.14

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $1,916.14.

Several research firms recently weighed in on FIX. Weiss Ratings downgraded Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. The Goldman Sachs Group set a $1,875.00 price target on Comfort Systems USA in a research note on Tuesday, October 20th. DA Davidson set a $1,850.00 target price on Comfort Systems USA in a report on Monday, October 26th. Finally, UBS Group lowered their price target on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating for the company in a report on Monday, October 26th.

Insider Activity

In related news, CFO William George, III sold 2,554 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 26,078 shares of company stock worth $43,211,828. 1.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Comfort Systems USA

Large investors have recently modified their holdings of the stock. Paragon Advisors LLC increased its position in Comfort Systems USA by 13.2% in the third quarter. Paragon Advisors LLC now owns 1,848 shares of the construction company’s stock worth $3,057,000 after buying an additional 216 shares during the period. Candriam S.C.A. increased its holdings in shares of Comfort Systems USA by 13.0% in the 3rd quarter. Candriam S.C.A. now owns 26,274 shares of the construction company’s stock worth $43,618,000 after acquiring an additional 3,019 shares during the period. Point Nemo Capital LLC increased its holdings in shares of Comfort Systems USA by 1.2% in the 3rd quarter. Point Nemo Capital LLC now owns 1,372 shares of the construction company’s stock worth $2,269,000 after acquiring an additional 16 shares during the period. Ethic Inc. lifted its position in Comfort Systems USA by 10.4% in the 3rd quarter. Ethic Inc. now owns 2,824 shares of the construction company’s stock valued at $4,672,000 after purchasing an additional 265 shares during the last quarter. Finally, StoneX Group Inc. bought a new stake in Comfort Systems USA in the 3rd quarter valued at about $391,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,284.52 on Friday. Comfort Systems USA has a one year low of $841.66 and a one year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.15. The business has a fifty day moving average of $1,545.56 and a two-hundred day moving average of $1,598.92. The company has a market cap of $44.95 billion, a P/E ratio of 25.91 and a beta of 1.64.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the firm earned $8.25 earnings per share. The firm’s revenue was up 53.7% on a year-over-year basis. As a group, analysts predict that Comfort Systems USA will post 50.32 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.0%. This is a decrease from Comfort Systems USA’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, November 12th. Comfort Systems USA’s payout ratio is 7.77%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.