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

MasTec, Inc. (NYSE:MTZ) Director Ernst Csiszar sold 6,500 shares of the business’s 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 approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

MasTec Price Performance

Shares of NYSE MTZ traded down $11.03 during trading on Friday, reaching $363.70. The company had a trading volume of 885,711 shares, compared to its average volume of 1,002,679. MasTec, Inc. has a 52 week low of $153.82 and a 52 week high of $441.43. The stock has a market cap of $28.74 billion, a PE ratio of 63.70 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The business’s 50 day moving average price is $373.66 and its 200-day moving average price is $291.75.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 34.5% on a year-over-year basis. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Analysts expect that MasTec, Inc. will post 8.51 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of MasTec in the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors acquired a new position in shares of MasTec in the first quarter valued at approximately $30,000. CIBC Private Wealth Group LLC boosted its holdings in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in MasTec during the first quarter worth $65,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Ratings Changes

MTZ has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on shares of MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Citigroup boosted their price objective on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a report on Monday, May 4th. UBS Group boosted their price objective on shares of MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $459.28.

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.