MasTec (NYSE:MTZ) Director Sells $2,412,605.00 in Stock

MasTec, Inc. (NYSE:MTZ) Director Ernst Csiszar sold 6,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MasTec Stock Performance

Shares of MTZ stock opened at $363.70 on Monday. The company has a market capitalization of $28.74 billion, a price-to-earnings ratio of 63.70 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. MasTec, Inc. has a one year low of $153.82 and a one year high of $441.43. The company’s 50-day moving average is $374.48 and its 200 day moving average is $292.95.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Sell-side analysts expect that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Institutional Trading of MasTec

Several hedge funds and other institutional investors have recently bought and sold shares of MTZ. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec in the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors acquired a new position in MasTec during the first quarter worth $30,000. CIBC Private Wealth Group LLC grew its holdings in MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of MasTec in the 1st quarter worth $65,000. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MTZ shares. Wolfe Research reiterated an “outperform” rating and set a $326.00 price objective on shares of MasTec in a report on Monday, March 2nd. JPMorgan Chase & Co. raised their target price on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. CICC Research began coverage on shares of MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target for the company. Stifel Nicolaus set a $455.00 price objective on MasTec in a research note on Monday, May 4th. Finally, The Goldman Sachs Group raised their price objective on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, MasTec has an average rating of “Buy” and an average target price of $459.28.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.