MasTec, Inc. $MTZ Shares Sold by GS Investments Inc.

GS Investments Inc. lowered its position in MasTec, Inc. (NYSE:MTZ) by 61.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,420 shares of the construction company’s stock after selling 11,608 shares during the quarter. GS Investments Inc.’s holdings in MasTec were worth $2,387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in MasTec during the fourth quarter worth about $30,000. Ascentis Independent Advisors purchased a new stake in shares of MasTec in the 1st quarter valued at approximately $30,000. CIBC Private Wealth Group LLC increased its holdings in shares of MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after buying an additional 182 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of MasTec during the 1st quarter worth approximately $65,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Stock Performance

NYSE:MTZ opened at $329.68 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The stock has a market capitalization of $26.05 billion, a P/E ratio of 57.74 and a beta of 1.77. The company has a 50 day moving average price of $381.05 and a 200 day moving average price of $326.07. MasTec, Inc. has a fifty-two week low of $160.08 and a fifty-two week high of $441.43.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 9.18 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Roth Capital reiterated a “buy” rating and issued a $450.00 price objective on shares of MasTec in a report on Monday, May 4th. UBS Group increased their price objective on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their target price on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group upped their price target on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Citigroup increased their price target on MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $464.78.

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction 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 sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were 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 $12,779,382. This represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.40% of the company’s stock.

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.