Matrix Service (NASDAQ:MTRX) Earns Buy Rating from DA Davidson

Matrix Service (NASDAQ:MTRX)‘s stock had its “buy” rating reaffirmed by DA Davidson in a report issued on Tuesday,Benzinga reports. They currently have a $17.00 price objective on the stock. DA Davidson’s target price suggests a potential upside of 39.12% from the stock’s previous close. DA Davidson also issued estimates for Matrix Service’s Q2 2026 earnings at $0.04 EPS and FY2027 earnings at $0.94 EPS.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Matrix Service in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Matrix Service Stock Performance

Shares of MTRX opened at $12.22 on Tuesday. The firm has a market cap of $343.00 million, a PE ratio of -11.64, a PEG ratio of 1.23 and a beta of 1.06. The firm’s 50 day moving average price is $13.37 and its 200 day moving average price is $13.51. 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 earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $211.88 million during the quarter, compared to the consensus estimate 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 fiscal year.

Insiders Place Their Bets

In other news, Director John D. Chandler bought 2,300 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was purchased at an average price of $12.74 per share, with a total value of $29,302.00. Following the transaction, the director directly 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn P. Payne sold 8,250 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $12.58, for a total value of $103,785.00. Following the completion of the sale, the insider directly owned 110,429 shares in the company, valued at approximately $1,389,196.82. This represents a 6.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Informed Momentum Co LLC bought a new stake in shares of Matrix Service in the first quarter valued at about $824,000. Bank of New York Mellon Corp increased its stake in Matrix Service by 244.6% during the first quarter. Bank of New York Mellon Corp now owns 403,385 shares of the company’s stock valued at $5,014,000 after acquiring an additional 286,326 shares during the period. Russell Investments Group Ltd. raised its holdings in Matrix Service by 28.2% in the 1st quarter. Russell Investments Group Ltd. now owns 315,273 shares of the company’s stock valued at $3,919,000 after acquiring an additional 69,445 shares in the last quarter. CenterBook Partners LP raised its holdings in Matrix Service by 789.6% in the 1st quarter. CenterBook Partners LP now owns 536,447 shares of the company’s stock valued at $6,668,000 after acquiring an additional 476,148 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Matrix Service by 787.1% in the 1st quarter. Boston Partners now owns 492,772 shares of the company’s stock worth $6,123,000 after acquiring an additional 437,222 shares during the period. 78.38% of the stock is owned by institutional investors.

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.