140 Summer Partners LP Sells 8,789 Shares of MasTec, Inc. $MTZ

140 Summer Partners LP reduced its position in shares of MasTec, Inc. (NYSE:MTZ) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 374,249 shares of the construction company’s stock after selling 8,789 shares during the quarter. MasTec accounts for 6.0% of 140 Summer Partners LP’s investment portfolio, making the stock its 6th biggest holding. 140 Summer Partners LP’s holdings in MasTec were worth $81,351,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in MasTec during the 4th quarter valued at $30,000. CIBC Private Wealth Group LLC raised its stake in MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares during the period. CI Investments Inc. raised its stake in MasTec by 39.9% during the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after purchasing an additional 91 shares during the period. Finally, Covestor Ltd raised its stake in MasTec by 102.6% during the 4th quarter. Covestor Ltd now owns 314 shares of the construction company’s stock valued at $68,000 after purchasing an additional 159 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Down 0.6%

MasTec stock opened at $369.44 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The company has a market capitalization of $29.19 billion, a price-to-earnings ratio of 64.70 and a beta of 1.78. MasTec, Inc. has a one year low of $159.98 and a one year high of $441.43. The company’s fifty day moving average price is $379.62 and its two-hundred day moving average price is $300.80.

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

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the sale, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,450 shares of company stock valued at $3,972,764 over the last three months. 21.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTZ. Weiss Ratings raised shares of MasTec from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 8th. Cantor Fitzgerald upped their price target on shares of MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Barclays upped their price target on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. TD Cowen upped their price target on shares of MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, KeyCorp upped their price target on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, MasTec currently has a consensus rating of “Buy” and a consensus target price of $459.28.

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.