1,544 Shares in MasTec, Inc. $MTZ Acquired by SMART Wealth LLC

SMART Wealth LLC bought a new stake in MasTec, Inc. (NYSE:MTZ) during the first quarter, HoldingsChannel reports. The institutional investor bought 1,544 shares of the construction company’s stock, valued at approximately $497,000.

A number of other large investors have also recently bought and sold shares of the stock. Aigen Investment Management LP raised its holdings in shares of MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after acquiring an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of MasTec by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after acquiring an additional 43 shares during the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after acquiring an additional 47 shares during the last quarter. Williamson Legacy Group LLC boosted its stake in shares of MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after acquiring an additional 52 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in MasTec by 5.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 943 shares of the construction company’s stock worth $205,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTZ. CICC Research started coverage on shares of MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. KeyCorp boosted their price objective on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Barclays raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, MasTec currently has a consensus rating of “Buy” and an average target price of $459.28.

MasTec Stock Performance

NYSE MTZ opened at $416.04 on Wednesday. The business’s 50-day moving average price is $387.56 and its 200 day moving average price is $313.43. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43. The company has a market capitalization of $32.88 billion, a PE ratio of 72.86 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business earned $0.51 EPS. The firm’s 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, research analysts predict that MasTec, Inc. will post 8.5 earnings per share for the current year.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on 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 completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,251,000.00. Following the transaction, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. The SEC filing for this sale provides additional information. 21.40% of the stock is currently owned by company 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.