Sigma Planning Corp Acquires New Holdings in MasTec, Inc. $MTZ

Sigma Planning Corp acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,467 shares of the construction company’s stock, valued at approximately $319,000.

Other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec in the 4th quarter valued at about $30,000. Root Financial Partners LLC bought a new stake in shares of MasTec during the 3rd quarter worth about $49,000. CI Investments Inc. raised its position in shares of MasTec by 39.9% during the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of MasTec by 46.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 404 shares of the construction company’s stock worth $86,000 after buying an additional 128 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred 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 transaction, the director directly owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,450 shares of company stock valued at $3,512,759 over the last ninety days. Corporate insiders own 21.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MTZ. Robert W. Baird boosted their price target on shares of MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a research report on Monday. Truist Financial boosted their price target on shares of MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings downgraded shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Wolfe Research restated an “outperform” rating and set a $326.00 price target on shares of MasTec in a research report on Monday, March 2nd. Finally, Mizuho boosted their price target on shares of MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a research report on Tuesday. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, MasTec has an average rating of “Moderate Buy” and a consensus target price of $422.29.

MasTec Stock Performance

MasTec stock opened at $412.24 on Friday. The firm’s 50 day simple moving average is $336.83 and its 200-day simple moving average is $265.11. The company has a market cap of $32.58 billion, a P/E ratio of 72.20 and a beta of 1.82. 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, Inc. has a fifty-two week low of $145.27 and a fifty-two week high of $441.43.

MasTec (NYSE:MTZ) last released its earnings results 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $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, equities research analysts predict that MasTec, Inc. will post 8.52 EPS for the current 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.