MasTec, Inc. $MTZ Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in shares of MasTec, Inc. (NYSE:MTZ) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,388 shares of the construction company’s stock after selling 12,586 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MasTec were worth $5,736,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after buying an additional 34,899 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of MasTec by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock valued at $265,395,000 after acquiring an additional 94,344 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of MasTec by 11.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after acquiring an additional 108,504 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of MasTec by 52.1% during the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after acquiring an additional 350,228 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of MasTec by 9,550.8% during the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after acquiring an additional 936,747 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Javier Alberto Palomarez sold 950 shares of the company’s 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 sale, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,450 shares of company stock valued at $3,972,764 over the last quarter. 21.40% of the stock is owned by company insiders.

MasTec Stock Down 2.9%

Shares of MTZ opened at $363.70 on Friday. The firm has a market capitalization of $28.74 billion, a P/E ratio of 63.70 and a beta of 1.77. The company has a 50-day simple moving average of $374.48 and a 200-day simple moving average of $292.25. MasTec, Inc. has a 52 week low of $153.82 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 posted its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share 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 analysts’ expectations of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous 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 8.51 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MTZ shares. Guggenheim raised shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price objective for the company in a research note on Wednesday, May 13th. The Goldman Sachs Group boosted their target price on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Mizuho boosted their target price on shares of MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, UBS Group boosted their target price on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $459.28.

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.