Sequoia Financial Advisors LLC Increases Position in MasTec, Inc. $MTZ

Sequoia Financial Advisors LLC boosted its position in MasTec, Inc. (NYSE:MTZ) by 352.9% during the fourth quarter, Holdings Channel reports. The fund owned 16,647 shares of the construction company’s stock after acquiring an additional 12,971 shares during the period. Sequoia Financial Advisors LLC’s holdings in MasTec were worth $3,619,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec during the fourth quarter worth about $30,000. Root Financial Partners LLC bought a new position in shares of MasTec during the 3rd quarter valued at about $49,000. CI Investments Inc. raised its holdings in shares of 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 buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 buying an additional 182 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in MasTec by 20.1% in the 3rd quarter. Rothschild Investment LLC now owns 406 shares of the construction company’s stock worth $86,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction that occurred 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 sale, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred 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 completion of the sale, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,450 shares of company stock valued at $3,512,759 in the last 90 days. Insiders own 21.40% of the company’s stock.

MasTec Price Performance

Shares of MasTec stock opened at $414.15 on Friday. The firm has a market cap of $32.73 billion, a PE ratio of 72.53 and a beta of 1.82. MasTec, Inc. has a 12-month low of $145.27 and a 12-month high of $441.43. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $336.83 and its two-hundred day simple moving average is $265.11.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. The firm had revenue of $3.83 billion during 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 company’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, equities analysts expect that MasTec, Inc. will post 8.52 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on MTZ shares. JPMorgan Chase & Co. increased their price target on shares of MasTec from $346.00 to $386.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. KeyCorp increased their target price on shares of MasTec from $406.00 to $460.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $422.29.

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.