Arax Advisory Partners Reduces Holdings in MasTec, Inc. $MTZ

Arax Advisory Partners trimmed its position in shares of MasTec, Inc. (NYSE:MTZ) by 74.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,189 shares of the construction company’s stock after selling 53,584 shares during the quarter. Arax Advisory Partners’ holdings in MasTec were worth $3,954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MTZ. Gables Capital Management Inc. boosted its stake in shares of MasTec by 30.3% during the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock valued at $4,577,000 after purchasing an additional 4,900 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in shares of MasTec by 50.0% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock valued at $15,325,000 after purchasing an additional 23,500 shares during the period. Ritholtz Wealth Management boosted its stake in shares of MasTec by 35.1% during the fourth quarter. Ritholtz Wealth Management now owns 11,349 shares of the construction company’s stock valued at $2,467,000 after purchasing an additional 2,948 shares during the period. Union Bancaire Privee UBP SA boosted its stake in shares of MasTec by 192.1% during the fourth quarter. Union Bancaire Privee UBP SA now owns 14,046 shares of the construction company’s stock valued at $3,053,000 after purchasing an additional 9,238 shares during the period. Finally, Ameritas Advisory Services LLC lifted its stake in MasTec by 4,223.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock worth $601,000 after acquiring an additional 2,703 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on MTZ. DA Davidson upped their price objective on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Citigroup upped their price objective on shares of MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a report on Monday, May 4th. Guggenheim upgraded shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price for the company in a report on Wednesday, May 13th. Finally, CICC Research began coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, MasTec currently has a consensus rating of “Buy” and a consensus price target of $459.28.

MasTec Price Performance

Shares of NYSE:MTZ opened at $362.63 on Monday. MasTec, Inc. has a twelve month low of $159.77 and a twelve month high of $441.43. The company’s 50 day moving average is $378.24 and its 200 day moving average is $298.51. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market cap of $28.66 billion, a PE ratio of 63.51 and a beta of 1.78.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion for 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 business’s revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. 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, sell-side analysts forecast that MasTec, Inc. will post 8.51 EPS for the current year.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction 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 sale, the director owned 10,816 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were 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. The trade was a 8.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,450 shares of company stock valued at $3,972,764 in the last 90 days. 21.40% of the stock is owned by insiders.

MasTec Company 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.