Dynamic Technology Lab Private Ltd Makes New $293,000 Investment in Matrix Service Company $MTRX

by · The Cerbat Gem

Dynamic Technology Lab Private Ltd acquired a new position in shares of Matrix Service Company (NASDAQ:MTRX – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,649 shares of the company’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MTRX. Informed Momentum Co LLC acquired a new position in Matrix Service during the first quarter valued at approximately $824,000. Russell Investments Group Ltd. raised its stake in shares of Matrix Service by 28.2% during the 1st quarter. Russell Investments Group Ltd. now owns 315,273 shares of the company’s stock worth $3,919,000 after purchasing an additional 69,445 shares in the last quarter. Boston Partners boosted its holdings in shares of Matrix Service by 787.1% in the 1st quarter. Boston Partners now owns 492,772 shares of the company’s stock valued at $6,123,000 after buying an additional 437,222 shares during the last quarter. CenterBook Partners LP grew its stake in shares of Matrix Service by 789.6% in the first quarter. CenterBook Partners LP now owns 536,447 shares of the company’s stock valued at $6,668,000 after buying an additional 476,148 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in shares of Matrix Service in the first quarter valued at $914,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

MTRX has been the topic of several analyst reports. DA Davidson reaffirmed a “buy” rating and set a $17.00 price target on shares of Matrix Service in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Matrix Service in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Matrix Service presently has an average rating of “Hold” and an average target price of $17.00.

Check Out Our Latest Analysis on MTRX

Insider Activity at Matrix Service

In other news, Director John D. Chandler purchased 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 directly owned 78,053 shares of the company’s stock, valued at $994,395.22. This trade represents a 3.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn P. Payne sold 8,250 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $12.58, for a total value of $103,785.00. Following the completion of the transaction, the insider directly owned 110,429 shares in the company, valued at approximately $1,389,196.82. This represents a 6.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,500 shares of company stock worth $198,000 in the last ninety days. 4.40% of the stock is owned by company insiders.

Matrix Service Price Performance

Shares of MTRX opened at $11.43 on Wednesday. The firm has a market capitalization of $321.47 million, a PE ratio of -10.89, a PEG ratio of 1.23 and a beta of 1.06. The company’s 50-day moving average is $12.97 and its 200-day moving average is $13.47. Matrix Service Company has a fifty-two week low of $9.33 and a fifty-two week high of $16.10.

Matrix Service (NASDAQ:MTRX – Get Free Report) last announced 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. The business had revenue of $211.88 million during the quarter, compared to the consensus estimate of $206.66 million. Matrix Service had a negative net margin of 3.83% and a negative return on equity of 17.21%. Matrix Service has set its FY 2026 guidance at EPS. Analysts predict that Matrix Service Company will post -0.26 earnings per share for the current fiscal year.

Matrix Service Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MTRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matrix Service Company (NASDAQ:MTRX – Free Report).