Comfort Systems USA, Inc. (NYSE:FIX) Declares Quarterly Dividend of $0.30

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.30 per share by the construction company on Friday, May 24th. This represents a $1.20 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25.

Comfort Systems USA has raised its dividend by an average of 26.0% per year over the last three years and has increased its dividend every year for the last 11 years. Comfort Systems USA has a payout ratio of 7.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Comfort Systems USA to earn $12.88 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.8%.

Comfort Systems USA Trading Down 3.0 %

Shares of NYSE:FIX traded down $9.40 on Friday, hitting $302.00. The company had a trading volume of 662,976 shares, compared to its average volume of 297,811. The firm’s 50-day simple moving average is $303.25 and its two-hundred day simple moving average is $234.42. Comfort Systems USA has a 1 year low of $133.24 and a 1 year high of $335.25. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 29.91 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 29.68%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company posted $1.51 EPS. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. Equities analysts anticipate that Comfort Systems USA will post 11.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO William George III sold 8,429 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the transaction, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the sale, the insider now owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 in the last three months. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FIX shares. DA Davidson raised their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. KeyCorp initiated coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, UBS Group increased their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th.

About Comfort Systems USA

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.