John Hewitt Sells 36,000 Shares of Matrix Service (NASDAQ:MTRX) Stock

Matrix Service Company (NASDAQ:MTRX) CEO John Hewitt sold 36,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $12.50, for a total transaction of $450,000.00. Following the completion of the sale, the chief executive officer directly owned 581,806 shares of the company’s stock, valued at $7,272,575. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Matrix Service Stock Down 3.0%

Shares of MTRX stock opened at $11.80 on Thursday. The stock has a market cap of $331.93 million, a P/E ratio of -22.26, a PEG ratio of 2.70 and a beta of 1.02. Matrix Service Company has a 52 week low of $9.88 and a 52 week high of $16.10. The company’s fifty day simple moving average is $11.72 and its two-hundred day simple moving average is $12.18.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, May 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $206.71 million for the quarter, compared to the consensus estimate of $231.52 million. Matrix Service had a negative return on equity of 3.60% and a negative net margin of 1.77%. On average, analysts anticipate that Matrix Service Company will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Matrix Service

A number of large investors have recently modified their holdings of MTRX. Walleye Capital LLC purchased a new stake in Matrix Service in the first quarter valued at approximately $277,000. Allspring Global Investments Holdings LLC raised its stake in shares of Matrix Service by 427.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 81,919 shares of the company’s stock worth $963,000 after buying an additional 66,400 shares during the period. Strs Ohio raised its stake in shares of Matrix Service by 15.3% during the 1st quarter. Strs Ohio now owns 54,200 shares of the company’s stock worth $622,000 after buying an additional 7,200 shares during the period. Azarias Capital Management L.P. raised its stake in shares of Matrix Service by 11.8% during the 1st quarter. Azarias Capital Management L.P. now owns 817,021 shares of the company’s stock worth $9,379,000 after buying an additional 86,254 shares during the period. Finally, XTX Topco Ltd raised its stake in shares of Matrix Service by 5.5% during the 4th quarter. XTX Topco Ltd now owns 48,808 shares of the company’s stock worth $571,000 after buying an additional 2,549 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Key Matrix Service News

Here are the key news stories impacting Matrix Service this week:

• Positive Sentiment: Sidoti raised its FY2026 EPS estimate for Matrix Service to $0.25 from $0.18, implying better near-term profitability than previously expected. Sidoti Predicts Matrix Service’s Q1 Earnings (NASDAQ:MTRX)
• Positive Sentiment: The analyst also nudged its Q4 2026 EPS forecast higher to $0.15 from $0.14, which supports a slightly improved outlook for Matrix Service. Sidoti Predicts Matrix Service’s Q1 Earnings (NASDAQ:MTRX)
• Neutral Sentiment: Sidoti’s long-range FY2028 EPS estimate of $0.89 suggests growth potential, but that forecast is far enough out that it may have limited immediate impact on the stock. Sidoti Predicts Matrix Service’s Q1 Earnings (NASDAQ:MTRX)
• Negative Sentiment: Sidoti cut its Q3 2027 EPS estimate to $0.13 from $0.25 and lowered FY2027 EPS to $0.58 from $0.91, signaling softer expectations further out. Q4 EPS Estimates for Matrix Service Lowered by Analyst
• Negative Sentiment: CEO John R. Hewitt sold 36,000 shares at $12.50 each, a move that can weigh on sentiment because insider selling is often viewed cautiously by investors. SEC Form 4 filing

Analysts Set New Price Targets

MTRX has been the subject of a number of analyst reports. Northland Securities set a $24.00 price target on Matrix Service in a research report on Wednesday, February 11th. DA Davidson reiterated a “buy” rating and set a $17.00 target price on shares of Matrix Service in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Matrix Service in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.50.

About Matrix Service

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.