Matrix Service (NASDAQ:MTRX) Insider Shawn Payne Sells 3,019 Shares

Matrix Service Company (NASDAQ:MTRX) 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 owned 107,410 shares of the company’s stock, valued at approximately $1,226,622.20. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matrix Service Trading Up 0.4%

Shares of Matrix Service stock traded up $0.05 during trading hours on Monday, reaching $11.28. The stock had a trading volume of 230,008 shares, compared to its average volume of 218,854. The stock’s 50 day moving average is $13.03 and its 200 day moving average is $13.49. Matrix Service Company has a twelve month low of $9.33 and a twelve month high of $16.10. The firm has a market capitalization of $317.25 million, a PE ratio of -10.74, a PEG ratio of 1.23 and a beta of 1.06.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $211.88 million for the quarter, compared to analysts’ expectations 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, sell-side analysts predict that Matrix Service Company will post -0.26 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MTRX shares. DA Davidson reaffirmed a “buy” rating and set a $17.00 target price on shares of Matrix Service in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Matrix Service in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.00.

Hedge Funds Weigh In On Matrix Service

A number of institutional investors and hedge funds have recently bought and sold shares of MTRX. CenterBook Partners LP raised its holdings in Matrix Service by 789.6% in the 1st quarter. CenterBook Partners LP now owns 536,447 shares of the company’s stock valued at $6,668,000 after acquiring an additional 476,148 shares during the last quarter. Boston Partners grew its position in shares of Matrix Service by 787.1% in the first quarter. Boston Partners now owns 492,772 shares of the company’s stock valued at $6,123,000 after purchasing an additional 437,222 shares in the last quarter. Westerly Capital Management LLC increased its holdings in shares of Matrix Service by 34.1% in the third quarter. Westerly Capital Management LLC now owns 1,100,000 shares of the company’s stock valued at $14,388,000 after purchasing an additional 280,000 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Matrix Service by 601.5% in the first quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock valued at $3,627,000 after purchasing an additional 250,206 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Matrix Service by 83.4% during the first quarter. American Century Companies Inc. now owns 540,909 shares of the company’s stock worth $6,723,000 after buying an additional 246,020 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

About Matrix Service

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.