Matrix Service Company $MTRX is Azarias Capital Management L.P.’s 6th Largest Position

Azarias Capital Management L.P. boosted its holdings in Matrix Service Company (NASDAQ:MTRX) by 9.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 627,766 shares of the company’s stock after buying an additional 56,611 shares during the period. Matrix Service accounts for approximately 3.9% of Azarias Capital Management L.P.’s holdings, making the stock its 6th biggest position. Azarias Capital Management L.P. owned about 2.27% of Matrix Service worth $8,481,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Voya Investment Management LLC grew its position in shares of Matrix Service by 69.1% during the first quarter. Voya Investment Management LLC now owns 35,667 shares of the company’s stock worth $443,000 after purchasing an additional 14,578 shares in the last quarter. Strs Ohio purchased a new stake in Matrix Service during the 1st quarter valued at approximately $493,000. Acadian Asset Management LLC grew its holdings in Matrix Service by 129.2% during the 1st quarter. Acadian Asset Management LLC now owns 242,161 shares of the company’s stock valued at $3,009,000 after buying an additional 136,513 shares in the last quarter. Jane Street Group LLC grew its holdings in Matrix Service by 89.8% during the 1st quarter. Jane Street Group LLC now owns 34,542 shares of the company’s stock valued at $429,000 after buying an additional 16,343 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Matrix Service by 53.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 175,736 shares of the company’s stock valued at $2,184,000 after buying an additional 61,246 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MTRX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Matrix Service in a research note on Saturday, September 27th. DA Davidson cut their price objective on Matrix Service from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.00.

Matrix Service Stock Up 0.2%

Shares of NASDAQ:MTRX opened at $12.80 on Friday. Matrix Service Company has a 52 week low of $9.33 and a 52 week high of $16.10. The stock has a market capitalization of $359.30 million, a P/E ratio of -12.19, a PEG ratio of 1.05 and a beta of 1.07. The firm has a fifty day simple moving average of $14.18 and a two-hundred day simple moving average of $13.08.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Tuesday, September 9th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.30). The business had revenue of $216.38 million during the quarter, compared to analysts’ expectations of $232.25 million. Matrix Service had a negative return on equity of 17.21% and a negative net margin of 3.83%.During the same period in the previous year, the business earned ($0.14) earnings per share. Matrix Service has set its FY 2026 guidance at EPS. On average, analysts expect that Matrix Service Company will post -0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John D. Chandler bought 2,300 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was purchased at an average price of $12.74 per share, for a total transaction of $29,302.00. Following the acquisition, the director owned 78,053 shares in the company, valued at $994,395.22. This trade represents a 3.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.40% 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.