Insider Selling: MasTec (NYSE:MTZ) Director Sells $309,158.50 in Stock

MasTec, Inc. (NYSE:MTZ) Director Javier Alberto Palomarez sold 950 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

MasTec Stock Down 3.3%

Shares of MTZ opened at $305.46 on Tuesday. The firm has a market cap of $24.10 billion, a P/E ratio of 60.25 and a beta of 1.88. The stock has a 50 day simple moving average of $278.67 and a two-hundred day simple moving average of $235.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $328.69.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. On average, analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. DA Davidson upped their price target on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Mizuho boosted their target price on MasTec from $254.00 to $362.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. TD Cowen increased their target price on MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Stifel Nicolaus raised their price target on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.72.

Hedge Funds Weigh In On MasTec

A number of hedge funds have recently modified their holdings of the company. Aigen Investment Management LP grew its stake 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 purchasing an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in MasTec by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after purchasing an additional 43 shares during the last quarter. Motley Fool Asset Management LLC raised its position in MasTec by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after purchasing an additional 47 shares during the last quarter. Versant Capital Management Inc lifted its holdings in MasTec by 4.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock worth $232,000 after buying an additional 51 shares during the period. Finally, Williamson Legacy Group LLC lifted its holdings in MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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.