Key Points
- Insider sale: Shawn Payne sold 3,019 shares on Nov. 20 at an average price of $11.42 for $34,476.98, trimming his stake by 2.73% to 107,410 shares (worth about $1.23M).
- Quarterly results mixed: Matrix reported ($0.01) EPS vs. ($0.03) expected and revenue of $211.88M (above estimates) but remains unprofitable with a -3.83% net margin and -17.21% ROE; analysts' consensus is a "Hold" with a $17 price target and a forecasted -0.26 EPS for the year.
- High institutional ownership: Approximately 78.38% of the stock is held by institutional investors and hedge funds, with several firms (notably CenterBook Partners) significantly increasing their positions.
Matrix Service Company (NASDAQ:MTRX - Get Free Report) insider Shawn Payne sold 3,019 shares of the business's stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $11.42, for a total transaction of $34,476.98. Following the completion of the transaction, the insider directly owned 107,410 shares in the company, valued at $1,226,622.20. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Matrix Service Stock Up 0.4%
Shares of NASDAQ:MTRX opened at $11.28 on Tuesday. Matrix Service Company has a fifty-two week low of $9.33 and a fifty-two week high of $16.10. The firm's 50-day simple moving average is $13.00 and its 200-day simple moving average is $13.47. The company has a market cap of $317.25 million, a price-to-earnings ratio of -10.74, a PEG ratio of 1.23 and a beta of 1.06.
Matrix Service (NASDAQ:MTRX - Get Free Report) last announced 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 firm 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. On average, research analysts forecast that Matrix Service Company will post -0.26 EPS for the current year.
Hedge Funds Weigh In On Matrix Service
Several hedge funds and other institutional investors have recently bought and sold shares of MTRX. CWM LLC grew its holdings in Matrix Service by 138.4% in the first quarter. CWM LLC now owns 10,002 shares of the company's stock valued at $124,000 after purchasing an additional 5,806 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Matrix Service by 7.7% in the 1st quarter. Victory Capital Management Inc. now owns 90,540 shares of the company's stock worth $1,125,000 after buying an additional 6,462 shares in the last quarter. De Lisle Partners LLP grew its stake in Matrix Service by 28.9% in the 1st quarter. De Lisle Partners LLP now owns 237,935 shares of the company's stock valued at $2,961,000 after acquiring an additional 53,343 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in Matrix Service during the 1st quarter valued at about $914,000. Finally, CenterBook Partners LP raised its position in Matrix Service by 789.6% during the first quarter. CenterBook Partners LP now owns 536,447 shares of the company's stock worth $6,668,000 after acquiring an additional 476,148 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MTRX has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a "buy" rating and set a $17.00 price objective on shares of Matrix Service in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Matrix Service in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.00.
Check Out Our Latest Stock Analysis on Matrix Service
Matrix Service Company Profile
(
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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