MasTec (NYSE:MTZ) Director Ernst Csiszar Sells 6,500 Shares

MasTec, Inc. (NYSE:MTZ) Director Ernst Csiszar sold 6,500 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link.

MasTec Stock Down 2.9%

Shares of MasTec stock traded down $11.03 during trading hours on Friday, reaching $363.70. 885,711 shares of the company’s stock were exchanged, compared to its average volume of 1,002,679. The company has a 50 day moving average of $373.66 and a two-hundred day moving average of $291.75. MasTec, Inc. has a fifty-two week low of $153.82 and a fifty-two week 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 stock has a market cap of $28.74 billion, a P/E ratio of 63.70 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business posted $0.51 EPS. The company’s quarterly revenue was up 34.5% on a year-over-year basis. 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, sell-side analysts forecast that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Barclays upped their price target on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. KeyCorp upped their price target on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Roth Mkm reaffirmed a “buy” rating and set a $450.00 price target on shares of MasTec in a research report on Monday, May 4th. Finally, Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $459.28.

Institutional Trading of MasTec

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its position in MasTec by 4,153.8% during the first quarter. Optiver Holding B.V. now owns 553 shares of the construction company’s stock worth $178,000 after acquiring an additional 540 shares in the last quarter. Glenmede Trust Co. NA bought a new position in shares of MasTec in the first quarter valued at about $477,000. CTC Alternative Strategies Ltd. bought a new position in shares of MasTec in the first quarter valued at about $521,000. Arete Wealth Advisors LLC bought a new position in shares of MasTec in the first quarter valued at about $3,938,000. Finally, Bank of America Corp DE raised its position in shares of MasTec by 6.0% in the first quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company’s stock valued at $427,935,000 after purchasing an additional 75,100 shares during the period. 78.10% of the stock is owned by institutional investors.

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.