Strs Ohio Takes $493,000 Position in Matrix Service Company $MTRX

Key Points

• Strs Ohio has acquired a new stake in Matrix Service Company, purchasing 39,700 shares valued at approximately $493,000, representing about 0.14% ownership of the company.
• Several institutional investors have significantly increased their holdings in Matrix Service, with American Century Companies Inc. increasing its stake by 83.4% to 540,909 shares valued at $6.7 million.
• Matrix Service recently reported a quarterly loss of ($0.28) EPS, which was below analyst expectations, and the company's stock has a consensus target price of $17.00 despite a recent downgrade by DA Davidson.

Strs Ohio acquired a new position in Matrix Service Company (NASDAQ:MTRX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 39,700 shares of the company's stock, valued at approximately $493,000. Strs Ohio owned about 0.14% of Matrix Service at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in Matrix Service in the 1st quarter worth approximately $30,000. Brooklyn Investment Group raised its position in Matrix Service by 2,026.3% in the 1st quarter. Brooklyn Investment Group now owns 3,402 shares of the company's stock worth $42,000 after purchasing an additional 3,242 shares during the last quarter. Quantbot Technologies LP bought a new position in Matrix Service in the 1st quarter worth approximately $73,000. CWM LLC raised its position in Matrix Service by 138.4% in the 1st quarter. CWM LLC now owns 10,002 shares of the company's stock worth $124,000 after purchasing an additional 5,806 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Matrix Service by 40.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 16,252 shares of the company's stock worth $195,000 after purchasing an additional 4,644 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson reduced their price target on Matrix Service from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $17.00.

Matrix Service Price Performance

MTRX stock traded up $0.39 during trading hours on Monday, reaching $13.21. 472,221 shares of the stock were exchanged, compared to its average volume of 282,492. The firm's 50-day moving average is $14.47 and its 200-day moving average is $13.06. The company has a market cap of $364.73 million, a price-to-earnings ratio of -12.58, a PEG ratio of 1.06 and a beta of 1.13. Matrix Service Company has a 12 month low of $9.33 and a 12 month high of $16.10.

Matrix Service (NASDAQ:MTRX - Get Free Report) last released its earnings results on Tuesday, September 9th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.30). The firm had revenue of $216.38 million for the quarter, compared to the consensus estimate 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 quarter last year, the company posted ($0.14) EPS. Matrix Service has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Matrix Service Company will post -0.26 earnings per share for the current year.

Insider Transactions at Matrix Service

In other news, Director John D. Chandler bought 2,300 shares of the stock in a transaction on 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 approximately $994,395.22. This trade represents a 3.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.10% 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.