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

Matrix Service Company (NASDAQ:MTRX) CEO John Hewitt sold 36,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $12.50, for a total value 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 approximately $7,272,575. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Matrix Service Stock Down 1.1%

Shares of Matrix Service stock opened at $12.17 on Wednesday. The stock has a market cap of $342.39 million, a PE ratio of -22.96, a price-to-earnings-growth ratio of 2.74 and a beta of 1.02. The business has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $12.19. Matrix Service Company has a 12 month low of $9.88 and a 12 month high of $16.10.

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

Key Matrix Service News

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

• Positive Sentiment: Sidoti raised its FY2026 earnings estimate for Matrix Service to $0.25 per share from $0.18, suggesting improved near-term profitability expectations. Sidoti Predicts Matrix Service’s Q1 Earnings (NASDAQ:MTRX)
• Positive Sentiment: Sidoti also lifted its Q4 2026 earnings estimate to $0.15 per share from $0.14, a modest sign of strengthening outlook for the business. Sidoti Predicts Matrix Service’s Q1 Earnings (NASDAQ:MTRX)
• Neutral Sentiment: Sidoti’s FY2028 estimate of $0.89 per share implies longer-term growth, but that forecast is far out and may have limited immediate impact on the stock. Sidoti Predicts Matrix Service’s Q1 Earnings (NASDAQ:MTRX)
• Negative Sentiment: At the same time, 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 an average price of $12.50, which can weigh on sentiment because insider selling is often viewed cautiously by investors. SEC Form 4 filing

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Matrix Service in a report on Tuesday, April 21st. DA Davidson reiterated a “buy” rating and set a $17.00 price objective on shares of Matrix Service in a report on Friday, February 6th. Finally, Northland Securities set a $24.00 price objective on Matrix Service in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Hedge Funds Weigh In On Matrix Service

Several institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in Matrix Service by 427.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 81,919 shares of the company’s stock valued at $963,000 after buying an additional 66,400 shares in the last quarter. Strs Ohio increased its stake in shares of Matrix Service by 15.3% in the first quarter. Strs Ohio now owns 54,200 shares of the company’s stock worth $622,000 after purchasing an additional 7,200 shares during the period. Azarias Capital Management L.P. increased its stake in shares of Matrix Service by 11.8% in the first quarter. Azarias Capital Management L.P. now owns 817,021 shares of the company’s stock worth $9,379,000 after purchasing an additional 86,254 shares during the period. XTX Topco Ltd increased its stake in shares of Matrix Service by 5.5% in the fourth quarter. XTX Topco Ltd now owns 48,808 shares of the company’s stock worth $571,000 after purchasing an additional 2,549 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its stake in shares of Matrix Service by 73.5% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 40,493 shares of the company’s stock worth $474,000 after purchasing an additional 17,158 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Matrix Service Company Profile

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.