Comfort Systems USA (NYSE:FIX) CFO William George III Sells 1,000 Shares

Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the sale, the chief financial officer owned 32,804 shares of the company’s stock, valued at approximately $66,295,571.84. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

William George III also recently made the following trade(s):

• On Friday, May 8th, William George III sold 4,000 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,948.17, for a total value of $7,792,680.00.
• On Monday, February 23rd, William George III sold 9,000 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,434.97, for a total value of $12,914,730.00.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $2,017.30 on Wednesday. The stock has a 50-day simple moving average of $1,562.77 and a two-hundred day simple moving average of $1,240.28. Comfort Systems USA, Inc. has a 52-week low of $452.04 and a 52-week high of $2,045.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a market capitalization of $71.01 billion, a PE ratio of 58.20 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the company posted $4.75 earnings per share. Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. Analysts forecast that Comfort Systems USA, Inc. will post 43.17 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.80 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. Comfort Systems USA’s dividend payout ratio is presently 8.08%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FIX shares. Glj Research started coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research note on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,923.20.

Key Comfort Systems USA News

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Comfort Systems recently increased its quarterly dividend to $0.80 per share from $0.70, signaling management confidence in cash generation and shareholder returns. 5 Stocks Positioned to Win the AI Data Center Buildout
• Positive Sentiment: The company reported strong quarterly results on April 23, with EPS of $10.51 versus $6.81 expected and revenue of $2.87 billion versus $2.39 billion expected, helped by 56.5% year-over-year revenue growth.
• Positive Sentiment: Analysts remain broadly constructive, with several recent price-target increases and a consensus rating of “Moderate Buy,” supporting the stock’s longer-term momentum.
• Neutral Sentiment: Articles noted continued interest tied to data-center construction demand and the company’s role in AI-related infrastructure spending, which can support the growth story but was not a new company-specific announcement. Comfort Systems USA (FIX) Rallied on Strong Demand from Data Center Construction
• Negative Sentiment: CFO William George III sold 1,000 shares at an average price of $2,020.96, and the filing followed a larger 4,000-share sale days earlier, adding to concerns that insiders may be taking profits after the stock’s sharp advance.
• Negative Sentiment: CAO Julie Shaeff also sold 1,123 shares at an average price of $2,000.37, reinforcing the short-term headwind from insider selling.

Hedge Funds Weigh In On Comfort Systems USA

Hedge funds have recently made changes to their positions in the business. Quent Capital LLC purchased a new stake in Comfort Systems USA in the 3rd quarter worth $25,000. Ameriflex Group Inc. grew its position in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at about $28,000. Eastern Bank purchased a new position in shares of Comfort Systems USA during the third quarter valued at about $31,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at about $33,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.