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

Matrix Service (NASDAQ:MTRXFree Report) 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.

Get Our Latest Stock Analysis on MTRX

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:MTRXGet Free Report) 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

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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.

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