Sigma Planning Corp Acquires 2,817 Shares of MasTec, Inc. $MTZ

Sigma Planning Corp increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 192.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,284 shares of the construction company’s stock after purchasing an additional 2,817 shares during the quarter. Sigma Planning Corp’s holdings in MasTec were worth $1,378,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of MasTec during the 4th quarter worth about $30,000. Ascentis Independent Advisors acquired a new stake in shares of MasTec in the first quarter valued at about $30,000. CIBC Private Wealth Group LLC raised its holdings in MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in MasTec during the first quarter valued at approximately $65,000. Institutional investors own 78.10% of the company’s stock.

Analysts Set New Price Targets

MTZ has been the subject of a number of analyst reports. Robert W. Baird raised their price target on MasTec from $473.00 to $475.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a report on Monday, May 4th. Finally, CICC Research began coverage on shares of MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $464.78.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the sale, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their position. The SEC filing for this sale provides additional information. 21.40% of the stock is currently owned by company insiders.

MasTec Stock Performance

Shares of NYSE MTZ opened at $329.68 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The stock’s fifty day moving average price is $381.05 and its two-hundred day moving average price is $326.07. MasTec, Inc. has a one year low of $160.08 and a one year high of $441.43. The firm has a market cap of $26.05 billion, a price-to-earnings ratio of 57.74 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. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. On average, equities analysts forecast that MasTec, Inc. will post 9.18 EPS for the current year.

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.