MasTec (NYSE:MTZ) Director Sells $1,251,000.00 in Stock

MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell sold 3,000 shares of the company’s 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 completion of the transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

MasTec Trading Up 0.5%

Shares of NYSE MTZ opened at $414.15 on Friday. The firm’s 50 day moving average price is $336.83 and its 200-day moving average price is $265.11. The company has a market cap of $32.73 billion, a PE ratio of 72.53 and a beta of 1.82. MasTec, Inc. has a 52-week low of $145.27 and a 52-week high of $441.43. 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 (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. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. On average, equities research analysts expect that MasTec, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MTZ. TD Cowen upped their target price on shares of MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $346.00 to $386.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Barclays boosted their price objective on shares of MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Cantor Fitzgerald boosted their price objective on shares of MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, UBS Group boosted their price objective on shares of MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a report on Friday, May 1st. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $422.29.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in MasTec by 49.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the construction company’s stock valued at $1,990,000 after buying an additional 2,044 shares during the period. Earned Wealth Advisors LLC grew its position in MasTec by 2.8% during the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock valued at $326,000 after buying an additional 28 shares during the period. Hollencrest Capital Management grew its position in MasTec by 29.5% during the first quarter. Hollencrest Capital Management now owns 2,901 shares of the construction company’s stock valued at $933,000 after buying an additional 661 shares during the period. WCM Investment Management LLC bought a new stake in MasTec during the first quarter valued at approximately $2,928,000. Finally, Parallel Advisors LLC grew its position in MasTec by 21.0% during the first quarter. Parallel Advisors LLC now owns 340 shares of the construction company’s stock valued at $109,000 after buying an additional 59 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

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.