Traders Purchase High Volume of MasTec Call Options (NYSE:MTZ)

MasTec, Inc. (NYSE:MTZ) was the target of some unusual options trading activity on Monday. Stock investors purchased 2,355 call options on the company. This represents an increase of approximately 58% compared to the average volume of 1,492 call options.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were 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 trade represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.40% of the company’s stock.

Hedge Funds Weigh In On MasTec

Institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors bought a new stake in MasTec in the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in MasTec in the 4th quarter worth about $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of MasTec in the first quarter valued at approximately $65,000. Harbor Investment Advisory LLC increased its stake in shares of MasTec by 486.1% in the second quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock valued at $88,000 after purchasing an additional 175 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of NYSE:MTZ traded down $1.70 during trading on Monday, hitting $261.40. 217,301 shares of the company traded hands, compared to its average volume of 1,077,870. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average is $365.55 and its 200-day moving average is $333.95. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 41.72 and a beta of 1.82. MasTec has a one year low of $167.66 and a one year high of $441.43.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, equities analysts predict that MasTec will post 9.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MTZ shares. Roth Capital reaffirmed a “buy” rating and set a $450.00 target price on shares of MasTec in a report on Monday, May 4th. CICC Research assumed coverage on MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. Finally, TD Cowen lowered their target price on shares of MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $440.00.

MasTec Company 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.