Farrow Financial Inc. Has $4.19 Million Holdings in MasTec, Inc. $MTZ

Farrow Financial Inc. decreased its position in shares of MasTec, Inc. (NYSE:MTZ) by 10.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,029 shares of the construction company’s stock after selling 1,533 shares during the period. MasTec accounts for 2.4% of Farrow Financial Inc.’s investment portfolio, making the stock its 13th biggest holding. Farrow Financial Inc.’s holdings in MasTec were worth $4,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ascentis Independent Advisors bought a new stake in MasTec during the 1st quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in MasTec in the 4th quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in MasTec in the 1st quarter valued at approximately $65,000. CIBC Private Wealth Group LLC increased its position in MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the period. Finally, Root Financial Partners LLC increased its position in MasTec by 25.4% in the 1st quarter. Root Financial Partners LLC now owns 311 shares of the construction company’s stock worth $100,000 after buying an additional 63 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 value of $1,251,000.00. Following the sale, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MTZ shares. Stifel Nicolaus set a $455.00 price objective on MasTec in a research report on Monday, May 4th. CICC Research initiated coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. TD Cowen upped their target price on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Cantor Fitzgerald increased their price target on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $463.39.

MasTec Price Performance

Shares of NYSE:MTZ opened at $372.91 on Friday. MasTec, Inc. has a 1-year low of $160.08 and a 1-year high of $441.43. The firm has a market capitalization of $29.47 billion, a PE ratio of 65.31 and a beta of 1.77. The business’s 50 day moving average is $387.80 and its 200-day moving average is $321.64. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates 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%.MasTec’s revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts predict that MasTec, Inc. will post 8.62 earnings per share for the current year.

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.