Matrix Service (NASDAQ:MTRX) Price Target Raised to $20.00

Matrix Service (NASDAQ:MTRX) had its price target boosted by DA Davidson from $18.00 to $20.00 in a research note released on Tuesday,Benzinga reports. DA Davidson currently has a buy rating on the stock. DA Davidson also issued estimates for Matrix Service’s Q3 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.22) EPS and FY2026 earnings at $1.25 EPS.

Separately, StockNews.com upgraded Matrix Service from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 6th.

Matrix Service Price Performance

MTRX stock opened at $15.36 on Tuesday. The firm has a market capitalization of $424.04 million, a P/E ratio of -12.59 and a beta of 1.28. The business’s 50-day moving average is $13.32 and its two-hundred day moving average is $11.88. Matrix Service has a 1 year low of $8.61 and a 1 year high of $15.75.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%. On average, analysts expect that Matrix Service will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MTRX. Needham Investment Management LLC increased its holdings in shares of Matrix Service by 38.5% in the 3rd quarter. Needham Investment Management LLC now owns 1,420,000 shares of the company’s stock valued at $16,373,000 after acquiring an additional 395,000 shares during the last quarter. ACK Asset Management LLC grew its stake in Matrix Service by 47.3% during the 4th quarter. ACK Asset Management LLC now owns 1,179,901 shares of the company’s stock worth $14,123,000 after buying an additional 378,901 shares during the last quarter. American Century Companies Inc. grew its stake in Matrix Service by 523.3% during the 4th quarter. American Century Companies Inc. now owns 294,889 shares of the company’s stock worth $3,530,000 after buying an additional 247,578 shares during the last quarter. Portolan Capital Management LLC grew its stake in Matrix Service by 34.3% during the 3rd quarter. Portolan Capital Management LLC now owns 509,059 shares of the company’s stock worth $5,869,000 after buying an additional 129,989 shares during the last quarter. Finally, Harvey Partners LLC grew its stake in Matrix Service by 8.2% during the 3rd quarter. Harvey Partners LLC now owns 1,515,000 shares of the company’s stock worth $17,468,000 after buying an additional 115,000 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About Matrix Service

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.