Marco Investment Management LLC Buys 3,020 Shares of MasTec, Inc. $MTZ

Marco Investment Management LLC increased its stake in MasTec, Inc. (NYSE:MTZ) by 9.6% during the fourth quarter, HoldingsChannel reports. The firm owned 34,625 shares of the construction company’s stock after acquiring an additional 3,020 shares during the period. Marco Investment Management LLC’s holdings in MasTec were worth $7,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. F m Investments LLC bought a new stake in shares of MasTec in the 4th quarter worth approximately $292,000. Crossmark Global Holdings Inc. raised its holdings in MasTec by 4.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,457 shares of the construction company’s stock valued at $969,000 after acquiring an additional 187 shares during the period. Ethic Inc. bought a new stake in MasTec during the 4th quarter valued at $1,138,000. Capital City Trust Co. FL bought a new stake in MasTec during the 4th quarter valued at $224,000. Finally, International Assets Investment Management LLC bought a new stake in MasTec during the 4th quarter valued at $104,000. Institutional investors own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Roth Mkm reissued a “buy” rating and set a $450.00 target price on shares of MasTec in a report on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating and set a $493.00 target price on shares of MasTec in a report on Monday, May 4th. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Finally, DA Davidson boosted their target price on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.29.

Insider Transactions at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director directly owned 17,235 shares in the company, valued at approximately $5,177,394. The trade was a 27.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,450 shares of company stock valued at $3,512,759. 21.40% of the stock is currently owned by company insiders.

MasTec Trading Up 0.5%

MasTec stock opened at $414.15 on Friday. The stock has a market cap of $32.73 billion, a P/E ratio of 72.53 and a beta of 1.82. MasTec, Inc. has a fifty-two week low of $145.27 and a fifty-two week high of $441.43. The firm’s fifty day moving average price is $336.83 and its 200-day moving average price is $265.11. 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 released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share 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 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 quarterly 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. Equities research analysts forecast that MasTec, Inc. will post 8.52 earnings per share for the current fiscal year.

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.