Matson, Inc.
In the published model solve dated 2026-Q2, anchored at $199.87, Matson, Inc. (MATX) is priced for +8.8% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
Two different businesses sit inside Matson. The Jones Act domestic trades to Hawaii and Alaska are a protected, steady franchise; the expedited China service is high-margin but volatile, and it is normalizing from a boom. Q1 2026 showed the swing: net income fell to $56.6 million from $72.3 million as China volumes dropped 9.5%, yet management raised full-year guidance on stronger expected China demand through peak season. The balance sheet is conservative but a capex cycle is coming. Net debt
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380 institutional managers reported holding MATX in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 58%. 69 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 990k shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MATX has cut its share count 30.1% over the past five years, spending $1.31B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 12 years straight; the current rate is $1.40 a share annually. Cash returned over the past three years: $123.30M in dividends and $627.90M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MATX over the trailing three years: 2025: 3 buys totaling $608k. 24 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MATX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +1.1% | -6.3% |
| 2023-11-01 | -2.3% | +30.0% |
| 2024-02-24 | -2.4% | -6.4% |
| 2024-05-02 | -4.1% | +19.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MATX's latest 8-K filings: 2026-07-15 (items 2.02, 9.01); 2026-05-04 (items 2.02, 9.01); 2026-04-27 (items 5.07); 2026-04-24 (items 7.01, 9.01); 2026-03-12 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.