Janney Montgomery Scott LLC Purchases 12,802 Shares of MasTec, Inc. $MTZ

Janney Montgomery Scott LLC boosted its position in shares of MasTec, Inc. (NYSE:MTZ) by 47.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,744 shares of the construction company’s stock after acquiring an additional 12,802 shares during the period. Janney Montgomery Scott LLC’s holdings in MasTec were worth $12,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec during the 4th quarter valued at $30,000. CIBC Private Wealth Group LLC boosted its holdings in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of MasTec during the first quarter valued at about $65,000. Finally, CI Investments Inc. increased its holdings in shares of MasTec by 39.9% during the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after acquiring an additional 91 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 SEC filing for this sale provides additional information. 21.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a research note on Monday, May 4th. KeyCorp upped their price target on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. TD Cowen raised their price target on shares of MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Guggenheim raised MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price on the stock in a research report on Wednesday, May 13th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MasTec presently has a consensus rating of “Moderate Buy” and a consensus target price of $459.28.

MasTec Stock Performance

MTZ opened at $391.29 on Thursday. The firm has a fifty day moving average price of $387.96 and a 200 day moving average price of $314.55. MasTec, Inc. has a 1 year low of $160.08 and a 1 year high of $441.43. The stock has a market cap of $30.92 billion, a P/E ratio of 68.53 and a beta of 1.77. 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 for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. Equities research analysts anticipate that MasTec, Inc. will post 8.5 earnings per share 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.