Farrow Financial Inc. Sells 1,533 Shares of MasTec, Inc. $MTZ

Farrow Financial Inc. reduced its stake in shares of MasTec, Inc. (NYSE:MTZ) by 10.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 13,029 shares of the construction company’s stock after selling 1,533 shares during the quarter. MasTec comprises 2.4% of Farrow Financial Inc.’s holdings, making the stock its 13th largest position. Farrow Financial Inc.’s holdings in MasTec were worth $4,192,000 at the end of the most recent quarter.

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

MasTec Price Performance

Shares of MTZ stock opened at $372.91 on Friday. MasTec, Inc. has a 1 year low of $160.08 and a 1 year high of $441.43. The firm’s 50 day moving average is $387.80 and its 200-day moving average is $321.64. The firm has a market capitalization of $29.47 billion, a price-to-earnings ratio of 65.31 and a beta of 1.77. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. MasTec’s revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. 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 forecast that MasTec, Inc. will post 8.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the transaction, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MTZ has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a research note on Thursday. CICC Research began coverage on MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a report on Monday, May 4th. Cantor Fitzgerald lifted their price objective on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Truist Financial boosted their price objective on MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and a consensus price target of $463.39.

MasTec 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.