Key Points
- Matrix VP Nancy Austin sold 4,193 shares on Feb. 18 at an average price of $11.29 for proceeds of $47,338.97, trimming her stake by 3.8% to 106,138 shares (about $1.2M).
- MTRX shares near $11.06 (down ~0.5%) after the company missed Q4 estimates—EPS ($0.02) vs $0.04 expected and revenue $210.5M vs $215.4M—and it reported negative ROE and net margin with analysts forecasting -0.26 EPS for the year.
- Analyst and institutional backdrop is mixed: MarketBeat shows a "Moderate Buy" consensus target of $20.50 (ratings range from Sell to Strong Buy), while institutional investors hold about 78.4% of the stock with several funds increasing or initiating positions in Q4.
Matrix Service Company (NASDAQ:MTRX - Get Free Report) VP Nancy Austin sold 4,193 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.29, for a total transaction of $47,338.97. Following the sale, the vice president directly owned 106,138 shares of the company's stock, valued at approximately $1,198,298.02. The trade was a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Matrix Service Trading Down 0.5%
Shares of MTRX traded down $0.05 during trading hours on Friday, reaching $11.06. 67,864 shares of the stock traded hands, compared to its average volume of 260,806. The company has a market cap of $311.09 million, a P/E ratio of -16.24, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95. The company's 50-day moving average price is $12.49 and its two-hundred day moving average price is $13.05. Matrix Service Company has a 52-week low of $9.33 and a 52-week high of $16.10.
Matrix Service (NASDAQ:MTRX - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $210.51 million during the quarter, compared to the consensus estimate of $215.42 million. Matrix Service had a negative return on equity of 8.56% and a negative net margin of 2.30%. On average, research analysts forecast that Matrix Service Company will post -0.26 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on MTRX shares. Weiss Ratings restated a "sell (d-)" rating on shares of Matrix Service in a research note on Thursday, January 22nd. DA Davidson reissued a "buy" rating and issued a $17.00 target price on shares of Matrix Service in a research note on Friday, February 6th. Finally, Northland Securities set a $24.00 price objective on shares of Matrix Service in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Matrix Service presently has an average rating of "Moderate Buy" and a consensus target price of $20.50.
View Our Latest Stock Report on MTRX
Institutional Trading of Matrix Service
Several large investors have recently bought and sold shares of MTRX. XTX Topco Ltd grew its position in shares of Matrix Service by 5.5% in the fourth quarter. XTX Topco Ltd now owns 48,808 shares of the company's stock valued at $571,000 after purchasing an additional 2,549 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in shares of Matrix Service by 73.5% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 40,493 shares of the company's stock valued at $474,000 after acquiring an additional 17,158 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Matrix Service in the fourth quarter worth $177,000. Oxford Asset Management LLP acquired a new stake in shares of Matrix Service in the 4th quarter valued at about $293,000. Finally, Man Group plc bought a new stake in Matrix Service during the fourth quarter valued at $654,000. Institutional investors and hedge funds own 78.38% of the company's stock.
Matrix Service Company Profile
(
Get Free Report)
Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.
The company's service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.
Further Reading
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