CEO Sells $450K in Open Market Shares
MTRX sits 21% above its 52-week low of $9.88 on light trading volume (0.4× avg).
Summary
Matrix Service Co.'s President and CEO, John R. Hewitt, sold 36,000 shares of common stock for approximately $450,173 in an open market transaction.
Key Events · Ownership and Investor Activity · MTRX
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CEO Sells Significant Stake
John R. Hewitt, President and CEO, disposed of 36,000 shares of common stock at an average price of $12.50 per share, totaling $450,173.
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Timing After Mixed Earnings
The sale occurred on May 8, 2026, shortly after the company reported a return to net income in fiscal Q3 but also noted a significant decline in its overall backlog and announced the CFO's departure.
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Post-Transaction Holdings
Following this transaction, Mr. Hewitt directly holds 581,806 shares of Matrix Service Co. common stock.
Analysis · MTRX · Real Estate & Construction
John R. Hewitt, the President and CEO, sold a significant block of shares shortly after the company reported mixed Q3 results, including a return to net income but also a declining backlog and the departure of the CFO. While the sale could be for personal liquidity, a CEO's open market disposition of this magnitude can be interpreted as a lack of strong conviction in the near-term stock performance, especially following recent corporate developments.
At the time of this filing, MTRX was trading at $11.94 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $335.9M. The 52-week trading range was $9.88 to $16.11. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.