Comfort Systems USA, Inc. (FIX) To Go Ex-Dividend on November 12th

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.10 per share by the construction company on Monday, November 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 88.9% decrease from Comfort Systems USA’s previous quarterly dividend of $0.90.

Comfort Systems USA has increased its dividend payment by an average of 0.4% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Comfort Systems USA has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Comfort Systems USA to earn $58.85 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 6.1%.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $1,158.74 on Friday. The company has a market cap of $40.78 billion, a PE ratio of 25.02 and a beta of 1.66. Comfort Systems USA has a 12 month low of $841.66 and a 12 month high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The company has a 50-day simple moving average of $1,604.64 and a 200-day simple moving average of $1,727.33.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, beating analysts’ consensus estimates of $12.85 by $1.06. Comfort Systems USA had a net margin of 13.01% and a return on equity of 57.72%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the business posted $8.25 earnings per share. The company’s revenue was up 53.7% on a year-over-year basis. On average, equities analysts anticipate that Comfort Systems USA will post 48.80 earnings per share for the current year.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William George, III sold 2,554 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,078 shares of company stock worth $43,211,828 in the last ninety days. Insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Comfort Systems USA during the 2nd quarter valued at approximately $6,734,037,000. Amundi boosted its holdings in Comfort Systems USA by 114.1% in the second quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after purchasing an additional 156,069 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Comfort Systems USA by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 279,947 shares of the construction company’s stock worth $385,800,000 after purchasing an additional 14,423 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Comfort Systems USA by 12.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 252,979 shares of the construction company’s stock valued at $348,856,000 after purchasing an additional 28,712 shares during the last quarter. Finally, Value Aligned Research Advisors LLC increased its stake in Comfort Systems USA by 14.0% during the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock valued at $482,817,000 after purchasing an additional 29,970 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.