Sheets Smith Wealth Management Lowers Stock Position in MasTec, Inc. $MTZ

Sheets Smith Wealth Management cut its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 6.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,406 shares of the construction company’s stock after selling 1,342 shares during the period. Sheets Smith Wealth Management’s holdings in MasTec were worth $5,922,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in MasTec during the fourth quarter worth $227,000. NewEdge Advisors LLC lifted its position in shares of MasTec by 32.6% during the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after buying an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MasTec in the 2nd quarter valued at about $271,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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, EverSource Wealth Advisors LLC grew its position in shares of MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after buying an additional 912 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Up 0.2%

MTZ stock opened at $380.34 on Friday. The stock has a market capitalization of $30.05 billion, a PE ratio of 66.61 and a beta of 1.77. MasTec, Inc. has a 52 week low of $160.08 and a 52 week high of $441.43. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $381.86 and a 200 day moving average of $303.68.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. MasTec’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. 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 8.51 earnings per share for the current year.

Insider Activity at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the sale, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the sale, the director owned 30,646 shares in the company, valued at approximately $12,779,382. The trade was a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,450 shares of company stock valued at $3,972,764 in the last ninety days. Company insiders own 21.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MTZ. The Goldman Sachs Group boosted their price objective on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Roth Mkm reaffirmed a “buy” rating and issued a $450.00 price target on shares of MasTec in a report on Monday, May 4th. Guggenheim raised MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price target on the stock in a research report on Wednesday, May 13th. Truist Financial increased their price objective on MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised their price objective on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, MasTec has an average rating of “Buy” and a consensus price target 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.