Matrix Service (NASDAQ:MTRX - Free Report) - Research analysts at DA Davidson lowered their Q1 2025 earnings estimates for Matrix Service in a report released on Thursday, September 26th. DA Davidson analyst B. Thielman now forecasts that the company will earn ($0.46) per share for the quarter, down from their prior estimate of ($0.28). DA Davidson has a "Buy" rating and a $18.00 price target on the stock. The consensus estimate for Matrix Service's current full-year earnings is ($0.03) per share. DA Davidson also issued estimates for Matrix Service's FY2025 earnings at ($0.05) EPS.
Separately, StockNews.com downgraded Matrix Service from a "buy" rating to a "hold" rating in a research report on Wednesday, September 18th.
Check Out Our Latest Analysis on Matrix Service
Matrix Service Stock Down 0.2 %
Shares of MTRX stock traded down $0.02 during mid-day trading on Monday, hitting $11.53. 251,643 shares of the stock were exchanged, compared to its average volume of 234,526. Matrix Service has a 52-week low of $8.61 and a 52-week high of $13.90. The company has a market cap of $314.87 million, a PE ratio of -15.11 and a beta of 1.24. The firm has a fifty day moving average of $10.03 and a 200 day moving average of $10.86.
Institutional Trading of Matrix Service
Several institutional investors have recently modified their holdings of MTRX. Azarias Capital Management L.P. increased its stake in Matrix Service by 28.5% during the 2nd quarter. Azarias Capital Management L.P. now owns 1,273,193 shares of the company's stock worth $12,643,000 after buying an additional 282,086 shares in the last quarter. Vanguard Group Inc. raised its stake in Matrix Service by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,223,781 shares of the company's stock valued at $15,946,000 after purchasing an additional 11,587 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Matrix Service by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,172,616 shares of the company's stock worth $11,644,000 after purchasing an additional 3,215 shares during the last quarter. Gendell Jeffrey L grew its holdings in shares of Matrix Service by 5.8% during the first quarter. Gendell Jeffrey L now owns 870,556 shares of the company's stock worth $11,343,000 after buying an additional 48,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Matrix Service by 12.9% in the second quarter. Bank of New York Mellon Corp now owns 575,428 shares of the company's stock valued at $5,714,000 after buying an additional 65,902 shares during the last quarter. Institutional investors and hedge funds 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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