Moran Wealth Management LLC Sells 9,842 Shares of MasTec, Inc. $MTZ

Moran Wealth Management LLC lowered its position in MasTec, Inc. (NYSE:MTZ) by 15.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,004 shares of the construction company’s stock after selling 9,842 shares during the period. Moran Wealth Management LLC’s holdings in MasTec were worth $17,697,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MTZ. Aigen Investment Management LP grew its position in MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after acquiring an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in MasTec by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after purchasing an additional 43 shares in the last quarter. Motley Fool Asset Management LLC raised its position in MasTec by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after purchasing an additional 47 shares during the last quarter. Williamson Legacy Group LLC raised its position in MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after purchasing an additional 52 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in MasTec by 5.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 943 shares of the construction company’s stock worth $205,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Up 0.3%

NYSE:MTZ opened at $374.40 on Friday. The company has a market cap of $29.58 billion, a price-to-earnings ratio of 65.57 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. The stock’s fifty day moving average price is $387.98 and its two-hundred day moving average price is $316.04. MasTec, Inc. has a 52-week low of $160.08 and a 52-week high of $441.43.

MasTec (NYSE:MTZ) last released its 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 company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period last year, the firm earned $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. On average, analysts anticipate that MasTec, Inc. will post 8.5 EPS for the current year.

Insider Transactions at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. The SEC filing for this sale provides additional information. 21.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MTZ. Cantor Fitzgerald increased their target price on MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Barclays lifted their price target on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Robert W. Baird upped their price target on shares of MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Truist Financial upped their price target on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, TD Cowen increased their price objective on shares of MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $461.06.

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.