Matrix Service (NASDAQ:MTRX) Given “Buy” Rating at DA Davidson

Matrix Service (NASDAQ:MTRX)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a research note issued on Tuesday,Benzinga reports. They currently have a $17.00 price target on the stock. DA Davidson’s target price points to a potential upside of 34.02% from the stock’s previous close.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Matrix Service in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.00.

Matrix Service Stock Down 2.6%

NASDAQ MTRX traded down $0.34 during trading on Tuesday, hitting $12.69. The stock had a trading volume of 119,807 shares, compared to its average volume of 217,232. The company has a market capitalization of $356.06 million, a PE ratio of -12.10, a PEG ratio of 1.23 and a beta of 1.06. The firm has a 50 day moving average price of $13.46 and a 200 day moving average price of $13.52. Matrix Service has a twelve month low of $9.33 and a twelve month high of $16.10.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. The business had revenue of $211.88 million during the quarter, compared to analyst estimates of $206.66 million. Matrix Service had a negative net margin of 3.83% and a negative return on equity of 17.21%. Matrix Service has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Matrix Service will post -0.26 earnings per share for the current year.

Insider Activity

In related news, Director John D. Chandler purchased 2,300 shares of Matrix Service stock in a transaction dated Tuesday, September 16th. The stock was bought at an average cost of $12.74 per share, for a total transaction of $29,302.00. Following the transaction, the director owned 78,053 shares in the company, valued at approximately $994,395.22. The trade was a 3.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.40% of the stock is owned by corporate insiders.

Institutional Trading of Matrix Service

A number of hedge funds have recently bought and sold shares of the company. CenterBook Partners LP grew its holdings in Matrix Service by 789.6% in the first quarter. CenterBook Partners LP now owns 536,447 shares of the company’s stock valued at $6,668,000 after purchasing an additional 476,148 shares during the period. Boston Partners increased its stake in Matrix Service by 787.1% during the 1st quarter. Boston Partners now owns 492,772 shares of the company’s stock worth $6,123,000 after buying an additional 437,222 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Matrix Service by 244.6% in the first quarter. Bank of New York Mellon Corp now owns 403,385 shares of the company’s stock worth $5,014,000 after acquiring an additional 286,326 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Matrix Service by 601.5% during the 1st quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock valued at $3,627,000 after buying an additional 250,206 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Matrix Service by 83.4% during the 1st quarter. American Century Companies Inc. now owns 540,909 shares of the company’s stock worth $6,723,000 after buying an additional 246,020 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Matrix Service Company Profile

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.