Sterling Capital Management LLC Sells 10,596 Shares of MasTec, Inc. $MTZ

Sterling Capital Management LLC cut its stake in shares of MasTec, Inc. (NYSE:MTZ) by 20.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,684 shares of the construction company’s stock after selling 10,596 shares during the period. Sterling Capital Management LLC’s holdings in MasTec were worth $13,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of MasTec in the 4th quarter worth approximately $227,000. NewEdge Advisors LLC raised its holdings in MasTec by 32.6% during the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after buying an additional 1,083 shares during the period. Sivia Capital Partners LLC purchased a new stake in MasTec during the 2nd quarter valued at $271,000. Northwestern Mutual Wealth Management Co. lifted its position in MasTec by 105.2% in the second 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, EverSource Wealth Advisors LLC lifted its position in MasTec by 793.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after buying an additional 912 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

MasTec Trading Down 1.9%

MTZ stock opened at $396.09 on Friday. The company has a market capitalization of $31.30 billion, a PE ratio of 69.37 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 50-day moving average is $385.30 and its 200 day moving average is $310.02. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating 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 net margin of 2.94% and a return on equity of 17.15%. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. 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, research analysts anticipate that MasTec, Inc. will post 8.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MTZ shares. Wolfe Research reiterated an “outperform” rating and set a $326.00 price objective on shares of MasTec in a research report on Monday, March 2nd. DA Davidson lifted their price target on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Robert W. Baird increased their price objective on shares of MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Citigroup raised their price objective on shares of MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, TD Cowen upped their target price on MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One investment 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 company’s stock. According to MarketBeat.com, MasTec has an average rating of “Buy” and an average target price of $459.28.

Insider Buying and Selling

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the transaction, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s 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 transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. The trade was 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.

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.