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Matrix Service (NASDAQ:MTRX) Director I Edgar Hendrix unloaded 3,400 shares of Matrix Service stock on the open market in a transaction dated Thursday, February 13th. The stock was sold at an average price of $30.00, for a total value of $102,000.00. Following the sale, the director now directly owns 31,500 shares of the company’s stock, valued at approximately $945,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

MTRX has been the subject of a number of recent research reports. Analysts at Jefferson Research downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research note on Friday. Separately, analysts at Zacks upgraded shares of Matrix Service from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 16th. They now have a $28.00 price target on the stock. Finally, analysts at DA Davidson raised their price target on shares of Matrix Service from $26.00 to $27.00 in a research note on Tuesday, December 10th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $27.50.

Shares of Matrix Service (NASDAQ:MTRX) traded up 0.27% during mid-day trading on Friday, hitting $30.13. 290,967 shares of the company’s stock traded hands. Matrix Service has a 52 week low of $12.52 and a 52 week high of $32.92. The stock’s 50-day moving average is $26.65 and its 200-day moving average is $21.14. The company has a market cap of $793.7 million and a P/E ratio of 26.13.

Matrix Service (NASDAQ:MTRX) last announced its earnings results on Thursday, February 6th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.11. The company had revenue of $311.00 million for the quarter, compared to the consensus estimate of $245.25 million. During the same quarter last year, the company posted $0.21 earnings per share. Matrix Service’s revenue was up 40.5% compared to the same quarter last year. On average, analysts predict that Matrix Service will post $1.24 earnings per share for the current fiscal year.

Matrix Service Company provides engineering, fabrication, construction and maintenance services primarily to oil, gas, power, petrochemical, industrial and mining and minerals markets.

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