Key Points
- Shawn Payne sold 8,250 shares of Matrix Service at an average price of $12.58 on Nov. 11 for about $103,785, trimming his stake by 6.95% to 110,429 shares; the sale was disclosed in an SEC filing.
- Matrix shares fell 2.5% to $11.91 on below‑average volume, trading below both the 50‑day ($13.37) and 200‑day ($13.51) moving averages and valuing the company at roughly $334.3 million.
- The company beat quarterly estimates with EPS of ($0.01) versus an expected ($0.03) and revenue of $211.88M versus $206.66M, but remains unprofitable with a negative net margin and return on equity.
Matrix Service Company (NASDAQ:MTRX - Get Free Report) insider Shawn Payne sold 8,250 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $12.58, for a total value of $103,785.00. Following the completion of the transaction, the insider directly owned 110,429 shares in the company, valued at approximately $1,389,196.82. This represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Matrix Service Trading Down 2.5%
Shares of MTRX stock traded down $0.31 on Thursday, reaching $11.91. The company's stock had a trading volume of 50,775 shares, compared to its average volume of 216,702. The company has a market capitalization of $334.30 million, a price-to-earnings ratio of -11.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Matrix Service Company has a 1 year low of $9.33 and a 1 year high of $16.10. The stock's fifty day simple moving average is $13.37 and its 200-day simple moving average is $13.51.
Matrix Service (NASDAQ:MTRX - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.02. Matrix Service had a negative net margin of 3.83% and a negative return on equity of 17.21%. The company had revenue of $211.88 million during the quarter, compared to the consensus estimate of $206.66 million. Matrix Service has set its FY 2026 guidance at EPS. Equities research analysts forecast that Matrix Service Company will post -0.26 earnings per share for the current year.
Hedge Funds Weigh In On Matrix Service
Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of Matrix Service by 68.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company's stock valued at $34,000 after buying an additional 1,032 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Matrix Service by 133.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company's stock worth $45,000 after buying an additional 1,893 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Matrix Service by 2,026.3% during the 1st quarter. Brooklyn Investment Group now owns 3,402 shares of the company's stock valued at $42,000 after purchasing an additional 3,242 shares during the last quarter. Quantbot Technologies LP bought a new stake in Matrix Service in the 1st quarter worth $73,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Matrix Service during the 2nd quarter valued at about $101,000. 78.38% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Matrix Service in a research report on Wednesday, October 8th. DA Davidson restated a "buy" rating and issued a $17.00 target price on shares of Matrix Service in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Matrix Service currently has a consensus rating of "Hold" and a consensus price target of $17.00.
View Our Latest Research Report on MTRX
About Matrix Service
(
Get Free Report)
Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.
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