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 firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $11.42, for a total transaction of $34,476.98. Following the sale, the insider owned 107,410 shares of the company’s stock, valued at approximately $1,226,622.20. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Matrix Service Stock Up 0.4%

NASDAQ:MTRX traded up $0.05 on Monday, hitting $11.28. The stock had a trading volume of 230,008 shares, compared to its average volume of 218,854. The company has a fifty day moving average price of $13.03 and a two-hundred day moving average price of $13.49. Matrix Service Company has a 1-year low of $9.33 and a 1-year high of $16.10. The stock 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) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $206.66 million. Matrix Service has set its FY 2026 guidance at EPS. As a group, analysts anticipate that Matrix Service Company will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On Matrix Service

Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new position in Matrix Service during the 3rd quarter valued at about $28,000. BNP Paribas Financial Markets lifted its position in shares of Matrix Service by 68.9% during the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock worth $34,000 after purchasing an additional 1,032 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Matrix Service by 2,026.3% in the first 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 period. Tower Research Capital LLC TRC grew its holdings in shares of Matrix Service by 133.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock valued at $45,000 after purchasing an additional 1,893 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Matrix Service in the third quarter valued at approximately $67,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

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

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.