Jennifer Tungul Sells 402 Shares of Matson (NYSE:MATX) Stock

Matson, Inc. (NYSE:MATX) SVP Jennifer Tungul sold 402 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $208.49, for a total value of $83,812.98. Following the sale, the senior vice president owned 5,852 shares in the company, valued at $1,220,083.48. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Matson Trading Up 0.0%

Shares of NYSE MATX opened at $214.48 on Friday. Matson, Inc. has a 12-month low of $86.97 and a 12-month high of $230.74. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 14.34 and a beta of 1.27. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11. The stock’s 50 day simple moving average is $203.59 and its 200 day simple moving average is $181.29.

Matson (NYSE:MATX) last issued its quarterly earnings data on Monday, August 3rd. The shipping company reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.48. Matson had a return on equity of 16.94% and a net margin of 13.41%.The firm had revenue of $969.40 million during the quarter, compared to the consensus estimate of $893.91 million. During the same period in the prior year, the business earned $2.92 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. Equities research analysts expect that Matson, Inc. will post 16.01 EPS for the current year.

Matson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 6th will be given a dividend of $0.38 per share. This is an increase from Matson’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 6th. Matson’s payout ratio is currently 10.16%.

Institutional Trading of Matson

A number of large investors have recently added to or reduced their stakes in MATX. Norges Bank purchased a new position in shares of Matson in the fourth quarter worth approximately $17,276,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Matson in the 4th quarter valued at approximately $2,017,000. SG Americas Securities LLC lifted its position in shares of Matson by 887.1% in the 1st quarter. SG Americas Securities LLC now owns 57,586 shares of the shipping company’s stock valued at $9,441,000 after acquiring an additional 51,752 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Matson in the 1st quarter worth approximately $32,761,000. Finally, Convergence Investment Partners LLC acquired a new position in Matson in the 1st quarter worth approximately $1,712,000. 84.76% of the stock is currently owned by institutional investors.

Matson News Summary

Here are the key news stories impacting Matson this week:

• Positive Sentiment: Matson’s latest quarterly results showed solid operating momentum: earnings per share of $4.27 exceeded the $3.79 consensus estimate, while revenue increased 16.7% year over year to $969.4 million, also topping expectations. Analysts forecast approximately $16.01 in full-year EPS.
• Positive Sentiment: Analyst sentiment has improved, with JPMorgan raising its price target to $270 and Stephens lifting its target to $260. The consensus rating is “Buy,” with an average target price of $232.33, suggesting additional potential upside based on current estimates.
• Positive Sentiment: Matson increased its quarterly dividend to $0.38 per share from $0.36, signaling confidence in cash generation. The annualized payout is $1.52 per share, although the yield remains modest at roughly 0.7%.
• Neutral Sentiment: A Zacks comparison examines whether MATX is outperforming transportation peers, including Seanergy Maritime Holdings, and the broader transportation sector this year. The report provides relative-performance context but does not introduce a new company-specific fundamental catalyst. Zacks Matson peer-performance article
• Negative Sentiment: Four senior vice presidents sold a combined 4,569 Matson shares for approximately $952,000 on August 11. The transactions reduced their individual holdings by about 6% to 20%, though all retained shares. Repeated executive selling could weigh on sentiment, even though insider sales can also reflect personal liquidity or diversification decisions. Matson insider-selling article

Analyst Ratings Changes

A number of research analysts have issued reports on MATX shares. JPMorgan Chase & Co. boosted their target price on shares of Matson from $230.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Matson from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Stephens lifted their price target on Matson from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Matson from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Matson from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $232.33.

About Matson

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.