Comfort Systems USA, Inc. (NYSE:FIX) Plans Dividend Increase – $0.40 Per Share

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.40 per share by the construction company on Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.42%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35.

Comfort Systems USA has increased its dividend payment by an average of 35.7% per year over the last three years and has raised its dividend every year for the last 12 years. Comfort Systems USA has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Comfort Systems USA to earn $16.85 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 8.3%.

Comfort Systems USA Trading Down 3.4 %

Shares of FIX traded down $13.57 during trading hours on Thursday, reaching $382.29. 651,268 shares of the company traded hands, compared to its average volume of 507,867. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 29.25 and a beta of 1.22. Comfort Systems USA has a 12-month low of $239.80 and a 12-month high of $553.09. The stock’s fifty day moving average price is $448.64 and its 200 day moving average price is $414.36. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Sell-side analysts forecast that Comfort Systems USA will post 13.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Northcoast Research started coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, UBS Group lifted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $506.75.

Insiders Place Their Bets

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently 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.