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

Comfort Systems USA, Inc. (NYSE:FIX) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders 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 dividend yield of 0.35%. The ex-dividend date 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 12 years. Comfort Systems USA has a payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $13.50 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 8.9%.

Comfort Systems USA Stock Up 0.7 %

NYSE:FIX opened at $346.09 on Thursday. Comfort Systems USA has a 52 week low of $144.45 and a 52 week high of $346.57. The firm has a market capitalization of $12.36 billion, a PE ratio of 34.27 and a beta of 1.20. 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 50 day moving average of $311.99 and a 200-day moving average of $243.89.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating 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 28.65%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. Analysts predict that Comfort Systems USA will post 11.9 EPS for the current year.

Analysts Set New Price Targets

FIX has been the subject of several research reports. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. UBS Group upped their price target on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. DA Davidson raised their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, KeyCorp initiated coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the business’s stock in a transaction on 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 directly owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO T Mckenna Trent sold 14,185 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 22,644 shares of the company’s stock, valued at $6,307,486.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,614 shares of company stock worth $13,739,345. 1.80% of the stock is owned by corporate insiders.

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.