Norden Group LLC Buys 1,344 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Norden Group LLC grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 49.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,065 shares of the construction company’s stock after purchasing an additional 1,344 shares during the quarter. Norden Group LLC’s holdings in Comfort Systems USA were worth $836,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Byrne Asset Management LLC bought a new position in Comfort Systems USA during the fourth quarter worth about $26,000. VisionPoint Advisory Group LLC bought a new position in Comfort Systems USA during the third quarter worth about $59,000. GAMMA Investing LLC bought a new position in Comfort Systems USA during the fourth quarter worth about $61,000. Skandinaviska Enskilda Banken AB publ bought a new position in Comfort Systems USA in the 3rd quarter valued at about $119,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in Comfort Systems USA in the 4th quarter valued at about $125,000. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Comfort Systems USA Trading Up 0.5 %

NYSE:FIX traded up $1.67 during mid-day trading on Tuesday, hitting $312.36. 215,003 shares of the company’s stock were exchanged, compared to its average volume of 354,425. The company has a 50 day simple moving average of $304.49 and a 200-day simple moving average of $236.37. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a fifty-two week low of $144.45 and a fifty-two week high of $335.25. The firm has a market capitalization of $11.16 billion, a P/E ratio of 30.88 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 EPS. As a group, research analysts expect that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be given a $0.30 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s payout ratio is 9.90%.

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction on 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 sale, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction on 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 sale, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO T Mckenna Trent sold 14,185 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the sale, the chief operating officer now owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,614 shares of company stock worth $13,739,345. Company insiders own 1.80% of the company’s stock.

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.