Matrix Service Co. (NASDAQ:MTRX) insider James P. Ryan sold 5,416 shares of Matrix Service stock in a transaction on Friday, September 16th. The stock was sold at an average price of $18.30, for a total value of $99,112.80. Following the sale, the insider now owns 84,541 shares in the company, valued at $1,547,100.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Matrix Service Co. (NASDAQ:MTRX) opened at 18.36 on Thursday. Matrix Service Co. has a 52 week low of $14.07 and a 52 week high of $26.22. The company has a market capitalization of $486.91 million, a price-to-earnings ratio of 17.16 and a beta of 1.66. The firm has a 50 day moving average price of $17.76 and a 200 day moving average price of $17.28.
Matrix Service (NASDAQ:MTRX) last issued its earnings results on Tuesday, August 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Matrix Service had a return on equity of 10.47% and a net margin of 2.20%. The business had revenue of $359.60 million for the quarter. During the same quarter in the prior year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts forecast that Matrix Service Co. will post $1.25 EPS for the current year.
MTRX has been the topic of a number of recent analyst reports. Barclays PLC dropped their price target on Matrix Service from $41.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, June 6th. Zacks Investment Research upgraded Matrix Service from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. DA Davidson reiterated a “buy” rating and set a $20.00 price target on shares of Matrix Service in a report on Friday, August 26th. Finally, TheStreet upgraded Matrix Service from a “hold” rating to a “buy” rating in a research note on Friday, September 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Matrix Service presently has an average rating of “Buy” and an average price target of $24.33.
A number of hedge funds have recently modified their holdings of MTRX. Arizona State Retirement System boosted its position in Matrix Service by 0.7% in the second quarter. Arizona State Retirement System now owns 13,848 shares of the company’s stock valued at $228,000 after buying an additional 100 shares during the last quarter. Airain ltd boosted its position in Matrix Service by 1.8% in the second quarter. Airain ltd now owns 17,383 shares of the company’s stock valued at $287,000 after buying an additional 305 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Matrix Service by 5.2% in the second quarter. Thrivent Financial for Lutherans now owns 12,980 shares of the company’s stock valued at $214,000 after buying an additional 640 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Matrix Service by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 161,961 shares of the company’s stock valued at $2,670,000 after buying an additional 919 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in Matrix Service by 2.6% in the second quarter. Mutual of America Capital Management LLC now owns 62,312 shares of the company’s stock valued at $1,028,000 after buying an additional 1,558 shares during the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.
Matrix Service Company Profile
Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s Electrical Infrastructure segment primarily provides construction and maintenance services to a range of power generation facilities, such as combined cycle plants and renewable energy installations.
Receive News & Ratings for Matrix Service Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matrix Service Co. and related companies with MarketBeat.com's FREE daily email newsletter.