Matrix Service (MTRX) SVP Justin Sheets Sells $229K of Stock
MTRX insider Justin Sheets sold 16,991 shares valued at $229,378.5.
Reviewed by automated data checks against the source filing. How we make and check alerts
Justin Sheets, SVP, Enterprise Services at Matrix Service Company ($MTRX), sold 16,991 shares at an average price of $13.50, worth about $229,378.50, on June 12, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $MTRX is up 1.8% after 1 week, down 10.4% after 1 month and down 26.9% to date (from the $13.71 close on Jun 12, 2026).
MTRX
Matrix Service Company
Key Points
- Justin Sheets, SVP of Enterprise Services at MTRX, sold 16,991 shares at an average price of $13.5 on June 12, 2026, totaling $229,378.5.
- MTRX shares recently traded at $13.9, with insider transactions including sales by other executives like Kevin Cavanah and John Hewitt.
- DA Davidson maintained a buy rating on MTRX with a $17 price target, reflecting ongoing analyst confidence.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Matrix Service Company alert may contain errors. Disclosures
On June 12, 2026, Justin Sheets, Senior Vice President of Enterprise Services at MTRX, sold 16,991 shares of the company. The shares were sold at an average price of $13.5, amounting to a total transaction value of $229,378.5. This sale was not part of a pre-planned trading scheme.
Insider Buying and Selling at Matrix Service Company
Several MTRX insiders have been active in the stock market recently. Kevin Cavanah, VP of Finance & CFO, conducted multiple planned sales, including 50,000 shares on June 4 at $14.1 per share and 60,000 shares on May 26 at $12.9. Cavanah also sold 6,509 shares at $14.13 on June 5. Meanwhile, John Hewitt, President & CEO, sold 36,000 shares at $12.5 on May 8, and Nancy Austin, VP and Chief Admin Officer, offloaded 4,193 shares at $11.29 on February 18.
Other Institutional Activity in MTRX
BlackRock, Inc. reduced its holdings in MTRX by 1,672,568 shares, leaving it with 2,014,217 shares valued at approximately $23.1 million. Needham Investment Management LLC maintained its position with 1,435,000 shares worth about $16.5 million. Gendell Jeffrey L increased its stake by 173,746 shares, now holding 1,231,307 shares valued at $14.1 million. Vanguard Capital Management LLC established a new position with 1,196,787 shares valued at roughly $13.7 million. American Century Companies Inc added 98,074 shares, bringing its total to 981,639 shares worth $11.3 million.
Analysts Set New Price Targets
On February 6, 2026, DA Davidson maintained its buy rating for MTRX, setting a price target of $17. This consistent outlook from DA Davidson, which has been in place since November 2025, suggests continued confidence in the company's prospects.
Bottom Line
Insider transactions at MTRX, including those by Justin Sheets and other executives, provide a glimpse into the company's internal movements. While these sales might raise questions, they don't necessarily indicate negative performance. Analysts like DA Davidson remain upbeat, maintaining buy ratings and suggesting potential growth. Keep in mind that insider transactions are just one piece of the puzzle, and it's important to consider the broader market context.
Related Filing Alerts
Source: Justin Sheets's Form 4 filing on $MTRX (Jun 12, 2026). Find the original filing: MTRX Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts