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 stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $12.50, for a total value of $450,000.00. Following the transaction, the chief executive officer owned 581,806 shares in the company, valued at $7,272,575. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Matrix Service Stock Down 2.7%

Shares of MTRX stock traded down $0.33 on Tuesday, reaching $11.98. 127,763 shares of the stock were exchanged, compared to its average volume of 277,004. The stock has a market cap of $336.91 million, a P/E ratio of -22.60, a price-to-earnings-growth ratio of 3.76 and a beta of 1.02. The firm has a 50 day moving average of $11.68 and a two-hundred day moving average of $12.20. Matrix Service Company has a 1-year low of $9.88 and a 1-year high of $16.10.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The business had revenue of $206.71 million during 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, equities research analysts predict that Matrix Service Company will post 0.18 EPS for the current fiscal year.

Institutional Trading of Matrix Service

Several large investors have recently modified their holdings of MTRX. Hudson Bay Capital Management LP bought a new position in shares of Matrix Service during the third quarter worth about $1,308,000. Azarias Capital Management L.P. increased its stake in shares of Matrix Service by 15.1% in the fourth quarter. Azarias Capital Management L.P. now owns 730,767 shares of the company’s stock valued at $8,550,000 after purchasing an additional 95,924 shares during the period. CenterBook Partners LP raised its holdings in Matrix Service by 81.7% during the third quarter. CenterBook Partners LP now owns 407,721 shares of the company’s stock worth $5,333,000 after purchasing an additional 183,288 shares in the last quarter. Country Trust Bank acquired a new position in Matrix Service in the fourth quarter worth approximately $1,552,000. Finally, JPMorgan Chase & Co. grew its position in Matrix Service by 44.1% in the third quarter. JPMorgan Chase & Co. now owns 306,848 shares of the company’s stock worth $4,014,000 after buying an additional 93,927 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Matrix Service

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, suggesting improved earnings expectations in the near term.
• Positive Sentiment: The firm also increased its Q4 2026 EPS estimate to $0.15 from $0.14, a modest upward revision that points to slightly better short-term profitability. Article Title
• Positive Sentiment: Sidoti’s long-range FY2028 EPS estimate of $0.89 implies a meaningful earnings ramp over time, which could support a longer-term bullish case.
• Neutral Sentiment: Analysts also issued estimates for FY2027 and Q3 2027, showing continued coverage and updated modeling, but the revisions were mixed across periods.
• Negative Sentiment: Sidoti cut its Q3 2027 EPS estimate to $0.13 from $0.25, indicating weaker expectations for that quarter and potentially weighing on sentiment.
• Negative Sentiment: Sidoti lowered its FY2027 EPS estimate to $0.58 from $0.91, a sizeable reduction that may have pressured the stock by signaling less confidence in next year’s earnings power. Article Title

Analyst Ratings Changes

A number of research firms have recently commented on MTRX. Weiss Ratings restated a “sell (d-)” rating on shares of Matrix Service in a report on Tuesday, April 21st. Northland Securities set a $24.00 price objective on Matrix Service in a report on Wednesday, February 11th. Finally, DA Davidson restated a “buy” rating and set a $17.00 price objective on shares of Matrix Service in a report on Friday, February 6th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.