Matrix Service Company $MTRX Shares Purchased by First Eagle Investment Management LLC

13 May 2026, 04:01 by Amy Steele · The Cerbat Gem

First Eagle Investment Management LLC boosted its holdings in Matrix Service Company (NASDAQ:MTRX – Free Report) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 640,083 shares of the company’s stock after purchasing an additional 58,209 shares during the quarter. First Eagle Investment Management LLC’s holdings in Matrix Service were worth $7,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTRX. Westerly Capital Management LLC boosted its holdings in Matrix Service by 34.1% in the third quarter. Westerly Capital Management LLC now owns 1,100,000 shares of the company’s stock valued at $14,388,000 after purchasing an additional 280,000 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Matrix Service by 601.5% in the first quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock valued at $3,627,000 after acquiring an additional 250,206 shares during the period. Millennium Management LLC boosted its holdings in shares of Matrix Service by 46.5% in the third quarter. Millennium Management LLC now owns 630,396 shares of the company’s stock valued at $8,246,000 after acquiring an additional 200,189 shares during the period. CenterBook Partners LP boosted its holdings in shares of Matrix Service by 81.7% in the third quarter. CenterBook Partners LP now owns 407,721 shares of the company’s stock valued at $5,333,000 after acquiring an additional 183,288 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Matrix Service by 288.4% in the second quarter. JPMorgan Chase & Co. now owns 212,921 shares of the company’s stock valued at $2,877,000 after acquiring an additional 158,104 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Northland Securities set a $24.00 price objective on Matrix Service in a report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Matrix Service in a report on Tuesday, April 21st. Finally, DA Davidson reissued a “buy” rating and issued a $17.00 price objective on shares of Matrix Service in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.50.

View Our Latest Stock Analysis on MTRX

Matrix Service Price Performance

Shares of NASDAQ MTRX opened at $12.17 on Wednesday. The stock has a fifty day moving average price of $11.71 and a 200 day moving average price of $12.19. Matrix Service Company has a 1-year low of $9.88 and a 1-year high of $16.10. The company has a market cap of $342.34 million, a PE ratio of -22.96, a P/E/G ratio of 2.74 and a beta of 1.02.

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

Insider Buying and Selling at Matrix Service

In related news, VP Nancy E. Austin sold 4,193 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $11.29, for a total transaction of $47,338.97. Following the completion of the sale, the vice president directly owned 106,138 shares of the company’s stock, valued at $1,198,298.02. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John R. Hewitt sold 36,000 shares of the 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 sale, the chief executive officer directly owned 581,806 shares of the company’s stock, valued at approximately $7,272,575. This represents a 5.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.40% of the stock is owned by company insiders.

Matrix Service Profile

(Free Report)

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.