Ardsley Advisory Partners LP Sells 5,000 Shares of MasTec, Inc. $MTZ

Ardsley Advisory Partners LP reduced its holdings in MasTec, Inc. (NYSE:MTZ) by 25.0% in the fourth quarter, HoldingsChannel reports. The firm owned 15,000 shares of the construction company’s stock after selling 5,000 shares during the period. Ardsley Advisory Partners LP’s holdings in MasTec were worth $3,261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Aigen Investment Management LP increased its holdings in shares of MasTec by 3.8% during the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after acquiring an additional 38 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of MasTec by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after acquiring an additional 43 shares in the last quarter. Motley Fool Asset Management LLC grew its holdings in MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after buying an additional 47 shares in the last quarter. Williamson Legacy Group LLC grew its holdings in MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after buying an additional 52 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in MasTec by 5.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 943 shares of the construction company’s stock worth $205,000 after buying an additional 52 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the transaction, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 10,450 shares of company stock valued at $3,972,764. Insiders own 21.40% of the company’s stock.

MasTec Stock Up 1.6%

MTZ stock opened at $375.28 on Thursday. The stock’s fifty day simple moving average is $380.39 and its two-hundred day simple moving average is $301.96. 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, Inc. has a 1-year low of $160.08 and a 1-year high of $441.43. The stock has a market cap of $29.65 billion, a P/E ratio of 65.72 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’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 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MTZ. Barclays upped their price target on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Mizuho upped their price target on MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Guggenheim upgraded MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price target for the company in a report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price target on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group upped their price target on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, MasTec currently has a consensus rating of “Buy” and an average price target of $459.28.

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.