Boston Partners Has $11.42 Million Stock Position in Matrix Service Company $MTRX

Boston Partners raised its stake in shares of Matrix Service Company (NASDAQ:MTRX) by 71.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 844,966 shares of the company’s stock after buying an additional 352,194 shares during the quarter. Boston Partners owned about 3.06% of Matrix Service worth $11,417,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Matrix Service by 24.1% during the second quarter. American Century Companies Inc. now owns 671,398 shares of the company’s stock worth $9,071,000 after buying an additional 130,489 shares during the period. Azarias Capital Management L.P. raised its position in shares of Matrix Service by 9.9% in the second quarter. Azarias Capital Management L.P. now owns 627,766 shares of the company’s stock valued at $8,481,000 after purchasing an additional 56,611 shares during the period. Geode Capital Management LLC increased its stake in shares of Matrix Service by 0.5% during the second quarter. Geode Capital Management LLC now owns 620,275 shares of the company’s stock worth $8,382,000 after purchasing an additional 3,358 shares during the period. CenterBook Partners LP increased its position in Matrix Service by 789.6% during the first quarter. CenterBook Partners LP now owns 536,447 shares of the company’s stock worth $6,668,000 after acquiring an additional 476,148 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in Matrix Service by 60.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 509,194 shares of the company’s stock worth $6,879,000 after acquiring an additional 192,000 shares during the period. Institutional investors own 78.38% of the company’s stock.

Matrix Service Trading Up 0.6%

NASDAQ MTRX opened at $11.69 on Friday. Matrix Service Company has a 12 month low of $9.33 and a 12 month high of $16.10. The business has a fifty day simple moving average of $12.90 and a 200 day simple moving average of $13.43. The firm has a market capitalization of $328.78 million, a P/E ratio of -11.13, a PEG ratio of 1.23 and a beta of 1.06.

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. Matrix Service had a negative net margin of 3.83% and a negative return on equity of 17.21%. The firm had revenue of $211.88 million for the quarter, compared to analysts’ expectations of $206.66 million. Matrix Service has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Matrix Service Company will post -0.26 EPS for the current fiscal year.

Insider Activity at Matrix Service

In other Matrix Service news, Director John D. Chandler acquired 2,300 shares of Matrix Service stock in a transaction that occurred on Tuesday, September 16th. The stock was acquired at an average cost of $12.74 per share, for a total transaction of $29,302.00. Following the purchase, the director owned 78,053 shares of the company’s stock, valued at approximately $994,395.22. This represents a 3.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn P. Payne sold 8,250 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $12.58, for a total value of $103,785.00. Following the sale, the insider directly owned 110,429 shares in the company, valued at $1,389,196.82. This trade represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 16,500 shares of company stock worth $198,000. 4.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $17.00 price objective on shares of Matrix Service in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Matrix Service in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.00.

Matrix Service Profile

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.