Shares of Comfort Systems USA, Inc. (NYSE:FIX) hit a new 52-week high during trading on Friday following a better than expected earnings announcement. The company traded as high as $41.40 and last traded at $41.45, with a volume of 149,889 shares traded. The stock had previously closed at $37.50.
The construction company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $480.85 million during the quarter, compared to analysts’ expectations of $469.53 million. Comfort Systems USA had a return on equity of 16.52% and a net margin of 3.77%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS.
A number of equities analysts have recently commented on FIX shares. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.00.
In related news, Director Alan Krusi sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $33.85, for a total transaction of $67,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Franklin Myers acquired 5,482 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $33.58 per share, with a total value of $184,085.56. Following the acquisition, the chairman now owns 205,000 shares in the company, valued at $6,883,900. The disclosure for this purchase can be found here. 3.48% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Comfort Systems USA by 63,201.2% during the 1st quarter. BlackRock Inc. now owns 5,067,895 shares of the construction company’s stock valued at $185,736,000 after purchasing an additional 5,059,889 shares in the last quarter. FMR LLC raised its position in Comfort Systems USA by 2,421.9% during the 2nd quarter. FMR LLC now owns 1,006,223 shares of the construction company’s stock valued at $37,331,000 after purchasing an additional 966,323 shares in the last quarter. Bank of New York Mellon Corp raised its position in Comfort Systems USA by 25.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,257,421 shares of the construction company’s stock valued at $46,650,000 after purchasing an additional 253,377 shares in the last quarter. Neumeier Poma Investment Counsel LLC raised its position in Comfort Systems USA by 34.3% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 868,825 shares of the construction company’s stock valued at $32,233,000 after purchasing an additional 221,875 shares in the last quarter. Finally, RE Advisers Corp raised its position in Comfort Systems USA by 4,035.6% during the 2nd quarter. RE Advisers Corp now owns 155,539 shares of the construction company’s stock valued at $5,770,000 after purchasing an additional 151,778 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.
The firm’s 50 day moving average price is $35.71 and its 200 day moving average price is $35.23. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 24.74 and a beta of 1.25.
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Comfort Systems USA Company Profile
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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