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

Matrix Service (NASDAQ:MTRX - Free Report) had its price target increased by DA Davidson from $18.00 to $20.00 in a research report sent to investors 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 shares of Matrix Service from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 6th.

Matrix Service Stock Down 1.5 %

MTRX stock traded down $0.24 during mid-day trading on Tuesday, hitting $15.13. The company had a trading volume of 110,048 shares, compared to its average volume of 213,818. The company has a 50-day moving average price of $13.36 and a 200 day moving average price of $11.90. Matrix Service has a 12-month low of $8.61 and a 12-month high of $15.75. The company has a market capitalization of $416.85 million, a price-to-earnings ratio of -12.39 and a beta of 1.28.

Matrix Service (NASDAQ:MTRX - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, topping 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%. As a group, analysts expect that Matrix Service will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Matrix Service by 180.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock valued at $32,000 after purchasing an additional 1,746 shares during the last quarter. R Squared Ltd bought a new stake in Matrix Service in the fourth quarter worth $45,000. Quarry LP purchased a new position in Matrix Service during the third quarter worth $53,000. Legal & General Group Plc increased its position in Matrix Service by 29.6% during the fourth quarter. Legal & General Group Plc now owns 8,236 shares of the company's stock valued at $99,000 after acquiring an additional 1,881 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Matrix Service in the fourth quarter valued at $99,000. 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.