Ernst Csiszar Sells 6,500 Shares of MasTec (NYSE:MTZ) Stock

MasTec, Inc. (NYSE:MTZ) Director Ernst Csiszar sold 6,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

MasTec Trading Down 2.9%

Shares of MasTec stock opened at $363.70 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm has a market cap of $28.74 billion, a price-to-earnings ratio of 63.70 and a beta of 1.77. The business has a fifty day simple moving average of $374.48 and a 200-day simple moving average of $292.25. MasTec, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior 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. On average, equities analysts forecast that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MTZ. Citigroup lifted their price target on MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Roth Mkm reissued a “buy” rating and issued a $450.00 price target on shares of MasTec in a research note on Monday, May 4th. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Guggenheim raised MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price target on the stock in a research note on Wednesday, May 13th. Finally, UBS Group lifted their price target on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $459.28.

Institutional Investors Weigh In On MasTec

Several hedge funds have recently bought and sold shares of MTZ. Brighton Jones LLC purchased a new stake in MasTec in the 4th quarter worth about $227,000. NewEdge Advisors LLC lifted its stake in MasTec by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after acquiring an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in MasTec in the 2nd quarter worth about $271,000. Northwestern Mutual Wealth Management Co. lifted its stake in MasTec by 105.2% in the 2nd 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 in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after acquiring an additional 912 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

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.