Sigma Planning Corp Has $1.38 Million Stock Position in MasTec, Inc. $MTZ

Sigma Planning Corp increased its stake in MasTec, Inc. (NYSE:MTZ) by 192.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,284 shares of the construction company’s stock after purchasing an additional 2,817 shares during the period. Sigma Planning Corp’s holdings in MasTec were worth $1,378,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gables Capital Management Inc. raised its position in shares of MasTec by 30.3% in the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock valued at $4,577,000 after buying an additional 4,900 shares in the last quarter. Swedbank AB boosted its position in shares of MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock worth $13,977,000 after acquiring an additional 3,200 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in MasTec by 50.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock valued at $15,325,000 after acquiring an additional 23,500 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in MasTec by 14.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 63,425 shares of the construction company’s stock valued at $13,787,000 after acquiring an additional 7,937 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its position in MasTec by 4,223.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock valued at $601,000 after purchasing an additional 2,703 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Price Performance

MTZ stock opened at $329.68 on Friday. The company has a fifty day moving average price of $381.05 and a 200-day moving average price of $326.07. The company has a market capitalization of $26.05 billion, a P/E ratio of 57.74 and a beta of 1.77. MasTec, Inc. has a 52-week low of $160.08 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 quarterly earnings data 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 company 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%. MasTec’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. As a group, equities analysts expect that MasTec, Inc. will post 9.18 EPS for the current year.

Insider Activity

In other news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owned 30,646 shares in the company, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MTZ shares. KeyCorp upped their target price on MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. UBS Group boosted their price target on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Barclays upped their price objective on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Roth Capital reaffirmed a “buy” rating and issued a $450.00 price objective on shares of MasTec in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. lifted their target price on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $464.78.

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.