In a recent transaction, Herman E. Bulls, a director of Comfort Systems USA Inc . (NYSE:FIX), sold 3,500 shares of the company's common stock. The sale, dated May 16, 2024, was executed at an average price of $337.4147 per share, resulting in a total value of approximately $1,180,951.
This transaction was disclosed in a filing with the Securities and Exchange Commission. According to the filing, following the sale, Bulls still owns a total of 37,234 shares in Comfort Systems USA, indicating a continued investment in the company's future.
In a separate transaction on May 17, 2024, Bulls acquired an additional 498 shares of Comfort Systems USA stock at no cost. This grant of shares is part of the company's 2017 Omnibus Incentive Plan, which was approved by stockholders. The shares granted to non-employee directors, such as Bulls, are based on an annual grant following their election or reelection at the company's annual stockholders' meeting. For this year, the grant is valued at $160,000, calculated based on the average of the high and low price of Comfort Systems USA's common stock on the day of the annual meeting.
These transactions reflect regular stock trading activities by company insiders and are reported in compliance with SEC regulations. Comfort Systems USA Inc. specializes in electrical work within the real estate and construction industry and is headquartered in Houston, Texas.
Investors often monitor insider transactions as they can provide insights into the company's performance and insiders' views on the value of the company's stock. The recent sale by Bulls represents a significant transaction, while his retention of a substantial number of shares suggests confidence in the company's prospects.
InvestingPro Insights
As Comfort Systems USA Inc. (NYSE:FIX) navigates the market, real-time data from InvestingPro provides a snapshot of the company's financial health and stock performance. With a market capitalization of $11.4 billion, Comfort Systems USA demonstrates its significant presence in the real estate and construction industry. The company's revenue growth is notably robust, with a 25.72% increase over the last twelve months as of Q1 2024, and an even more impressive quarterly revenue growth of 30.85% in Q1 2024.
InvestingPro Tips indicate that Comfort Systems USA has a history of rewarding its shareholders, having raised its dividend for 11 consecutive years. This consistent increase in dividends underscores the company's commitment to returning value to its investors. Additionally, the company's strong performance is reflected in its high one-year price total return of 109.85%, suggesting that the stock has been a lucrative investment over the past year.
Investors looking for more in-depth analysis can find additional InvestingPro Tips for Comfort Systems USA. There are currently 15 more tips available, which can be accessed by visiting https://www.investing.com/pro/FIX. These tips could provide valuable insights for those considering an investment in the company. For those interested in a subscription, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of financial data and expert analysis.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.