BDFS Capital LLC purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,517 shares of the construction company’s stock, valued at approximately $547,000.
Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in MasTec during the 4th quarter valued at $227,000. NewEdge Advisors LLC boosted its position in shares of MasTec by 32.6% in the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after buying an additional 1,083 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of MasTec in the second quarter worth $271,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of MasTec by 105.2% during 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 in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of MasTec by 793.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after buying an additional 912 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.
Insider Transactions at MasTec
In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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 sale, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,450 shares of company stock valued at $3,972,764 in the last three months. Corporate insiders own 21.40% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on MTZ
MasTec Trading Up 1.4%
NYSE MTZ opened at $380.34 on Friday. 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 firm’s fifty day simple moving average is $381.23 and its 200-day simple moving average is $303.14. The company has a market capitalization of $30.05 billion, a PE ratio of 66.61 and a beta of 1.77.
MasTec (NYSE:MTZ – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side analysts anticipate that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.
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.
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