First Trust Advisors LP Purchases 100,151 Shares of MasTec, Inc. $MTZ

First Trust Advisors LP raised its position in shares of MasTec, Inc. (NYSE:MTZ) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,411,584 shares of the construction company’s stock after acquiring an additional 100,151 shares during the period. First Trust Advisors LP’s holdings in MasTec were worth $454,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of MasTec in the fourth quarter valued at $227,000. NewEdge Advisors LLC increased its position in MasTec by 32.6% in the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after purchasing an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in MasTec during the second quarter valued at $271,000. Northwestern Mutual Wealth Management Co. raised its stake in MasTec by 105.2% during the second 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 in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in MasTec by 793.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after purchasing an additional 912 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Up 4.1%

NYSE MTZ opened at $350.55 on Wednesday. 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 company has a fifty day moving average of $377.99 and a two-hundred day moving average of $328.55. The firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 61.39 and a beta of 1.77. MasTec, Inc. has a 52 week low of $160.08 and a 52 week high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings data 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 business’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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, analysts predict that MasTec, Inc. will post 9.18 earnings per share for the current year.

Insider Transactions at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction 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 represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MTZ shares. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. KeyCorp increased their price target on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Finally, Citigroup boosted their price objective on MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $464.78.

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.