Sequoia Financial Advisors LLC Buys 3,411 Shares of MasTec, Inc. $MTZ

Sequoia Financial Advisors LLC boosted its stake in MasTec, Inc. (NYSE:MTZ) by 20.5% in the first quarter, HoldingsChannel reports. The firm owned 20,058 shares of the construction company’s stock after acquiring an additional 3,411 shares during the period. Sequoia Financial Advisors LLC’s holdings in MasTec were worth $6,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ascentis Independent Advisors bought a new stake in shares of MasTec in the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec during the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new position in MasTec during the first quarter valued at approximately $65,000. CIBC Private Wealth Group LLC increased its stake in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in MasTec by 25.4% in the first quarter. Root Financial Partners LLC now owns 311 shares of the construction company’s stock worth $100,000 after purchasing an additional 63 shares during the period. Institutional investors own 78.10% of the company’s stock.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the sale, the director directly owned 30,646 shares of the company’s stock, valued at $12,779,382. The trade was a 8.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.40% of the company’s stock.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating and set a $493.00 target price on shares of MasTec in a report on Monday, May 4th. Citigroup boosted their target price on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research note on Monday, May 4th. TD Cowen increased their price target on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Cantor Fitzgerald raised their price target on MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research report on Thursday. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $463.39.

MasTec Trading Up 0.0%

MTZ opened at $372.91 on Monday. The stock has a market capitalization of $29.47 billion, a P/E ratio of 65.31 and a beta of 1.77. MasTec, Inc. has a 12 month low of $160.08 and a 12 month high of $441.43. The firm’s fifty day simple moving average is $387.80 and its 200 day simple moving average is $322.32. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last posted 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 during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.MasTec’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, research analysts anticipate that MasTec, Inc. will post 8.49 EPS for the current fiscal year.

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.