Shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Free Report) jumped 7.4% on Friday after a stronger-than-expected earnings report. The stock started trading at $315.34, and was last traded at $313.82. About 226,511 shares were traded during the trading day, a decline of 45% from its average daily volume of 408,543 shares. The stock previously closed at $292.14.

The construction company reported $3.74 EPS for the quarter, which topped the consensus estimate of $3.11 by $0.63. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.69 billion. Comfort Systems USA had a return on equity of 32.69% and a net margin of 7.02%. The company’s revenue for the quarter was up 39.6% compared to the year-ago quarter. In the year-ago period, the company earned $1.93 EPS.

Comfort Systems USA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will receive a dividend of $0.30. The ex-dividend date for this dividend is Monday, August 12th. This represents an annualized dividend of $1.20 and a yield of 0.39%. Comfort Systems USA’s dividend payout ratio (DPR) is 11.88%.

Analysts set new price targets

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19.

Check out our latest stock report on FIX

Insider activity

In related news, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 7. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the sale, the Director now directly owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink. In other Comfort Systems USA news, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction dated Wednesday, May 15. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the sale, the Director now owns 11,173 shares of the company’s stock, valued at approximately $3,832,339. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 7. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the transaction, the Director now directly owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,961 shares of the company’s stock for $2,622,664. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh Down Comfort Systems USA

Several institutional investors and hedge funds have recently added to or reduced their holdings of FIX. V Square Quantitative Management LLC purchased a new stake in shares of Comfort Systems USA during the 1st quarter worth approximately $25,000. Byrne Asset Management LLC purchased a new position in Comfort Systems USA during the 4th quarter worth $26,000. Opal Wealth Advisors LLC purchased a new position in Comfort Systems USA during the 2nd quarter worth $41,000. Rise Advisors LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter worth $44,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Comfort Systems USA during the 4th quarter worth $61,000. Hedge funds and other institutional investors own 96.51% of the company’s shares.

Comfort Systems USA Price Performance

The stock has a 50-day moving average price of $316.23 and a 200-day moving average price of $293.95. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 30.67 and a beta of 1.15.

Comfort Systems USA Company Profile

(Get free report)

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

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