Key Points
- Insider sale: Shawn Payne sold 5,231 shares of Matrix Service on November 25 at an average price of $11.42 for proceeds of $59,738, trimming his position by 4.87% to 102,179 shares (≈$1.17M).
- Mixed financials: Matrix Service beat quarterly estimates with EPS of ($0.01) vs. ($0.03) expected and revenue of $211.9M, but remains unprofitable with a negative ROE (−17.21%) and net margin (−3.83%), and analysts forecast about −$0.26 EPS for the year.
- Investor interest and analyst split: Institutional investors own 78.38% of the stock with recent stake increases by Vanguard, Westerly and Boston Partners, while analyst coverage is mixed (consensus "Hold") with an average price target of $17.00.
Matrix Service Company (NASDAQ:MTRX - Get Free Report) insider Shawn Payne sold 5,231 shares of Matrix Service stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $11.42, for a total transaction of $59,738.02. Following the completion of the sale, the insider directly owned 102,179 shares of the company's stock, valued at approximately $1,166,884.18. This trade represents a 4.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Matrix Service Price Performance
MTRX stock opened at $11.43 on Wednesday. Matrix Service Company has a 1 year low of $9.33 and a 1 year high of $16.10. The company has a market cap of $321.47 million, a P/E ratio of -10.89, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The stock's fifty day moving average price is $12.97 and its 200-day moving average price is $13.47.
Matrix Service (NASDAQ:MTRX - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.02. The company had revenue of $211.88 million for the quarter, compared to the consensus estimate of $206.66 million. Matrix Service had a negative return on equity of 17.21% and a negative net margin of 3.83%. Matrix Service has set its FY 2026 guidance at EPS. As a group, analysts expect that Matrix Service Company will post -0.26 earnings per share for the current year.
Institutional Investors Weigh In On Matrix Service
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Matrix Service by 4.2% in the third quarter. Vanguard Group Inc. now owns 1,522,943 shares of the company's stock worth $19,920,000 after purchasing an additional 60,955 shares during the period. Westerly Capital Management LLC boosted its holdings in Matrix Service by 34.1% in the 3rd quarter. Westerly Capital Management LLC now owns 1,100,000 shares of the company's stock worth $14,388,000 after buying an additional 280,000 shares during the period. Boston Partners increased its stake in Matrix Service by 71.5% in the 2nd quarter. Boston Partners now owns 844,966 shares of the company's stock worth $11,417,000 after buying an additional 352,194 shares in the last quarter. American Century Companies Inc. raised its holdings in Matrix Service by 24.1% during the second quarter. American Century Companies Inc. now owns 671,398 shares of the company's stock valued at $9,071,000 after acquiring an additional 130,489 shares during the period. Finally, Azarias Capital Management L.P. raised its holdings in Matrix Service by 1.1% during the third quarter. Azarias Capital Management L.P. now owns 634,843 shares of the company's stock valued at $8,304,000 after acquiring an additional 7,077 shares during the period. Institutional investors own 78.38% of the company's stock.
Wall Street Analyst Weigh In
MTRX has been the subject of a number of research reports. DA Davidson reaffirmed a "buy" rating and set a $17.00 target price on shares of Matrix Service in a report on Tuesday, November 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of Matrix Service in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.00.
View Our Latest Research Report 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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