SMART Wealth LLC Invests $497,000 in MasTec, Inc. $MTZ

SMART Wealth LLC purchased a new position in shares of MasTec, Inc. (NYSE:MTZ) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,544 shares of the construction company’s stock, valued at approximately $497,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTZ. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec in the fourth quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new position in MasTec during the first quarter worth about $65,000. CIBC Private Wealth Group LLC raised its holdings in MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after purchasing an additional 186 shares in the last quarter. Covestor Ltd lifted its position in MasTec by 102.6% in the fourth quarter. Covestor Ltd now owns 314 shares of the construction company’s stock valued at $68,000 after purchasing an additional 159 shares during the period. Finally, CI Investments Inc. lifted its position in MasTec by 39.9% in the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after purchasing an additional 91 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Price Performance

MTZ stock opened at $416.04 on Wednesday. The firm has a 50 day moving average of $387.56 and a 200-day moving average of $313.43. MasTec, Inc. has a 12-month low of $160.08 and a 12-month high of $441.43. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market cap of $32.88 billion, a price-to-earnings ratio of 72.86 and a beta of 1.77.

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 analysts’ consensus estimates of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The company’s revenue was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, equities analysts expect that MasTec, Inc. will post 8.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. KeyCorp lifted their price target on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $455.00 price objective on MasTec in a research report on Monday, May 4th. Finally, Cantor Fitzgerald increased their price objective on MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $459.28.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction on 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 completion of 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 position. The SEC filing for this sale provides additional information. 21.40% of the stock is currently owned by corporate insiders.

About MasTec

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.