SummitTX Capital L.P. Sells 29,167 Shares of MasTec, Inc. $MTZ

SummitTX Capital L.P. reduced its position in shares of MasTec, Inc. (NYSE:MTZ) by 52.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,473 shares of the construction company’s stock after selling 29,167 shares during the quarter. SummitTX Capital L.P.’s holdings in MasTec were worth $8,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MTZ. Earned Wealth Advisors LLC lifted its holdings in shares of MasTec by 2.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after buying an additional 28 shares during the period. Aigen Investment Management LP increased its stake 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 buying an additional 38 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of MasTec by 1.5% in 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 raised its holdings in shares of MasTec by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after acquiring an additional 47 shares in the last quarter. Finally, Williamson Legacy Group LLC raised its holdings in shares of MasTec by 0.9% in the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after acquiring an additional 52 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. UBS Group boosted their price target on shares of MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen upped their price target on shares of MasTec from $445.00 to $470.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Jefferies Financial Group reiterated a “buy” rating and set a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. Finally, Guggenheim increased their price objective on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research note on Wednesday. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $466.89.

MasTec Price Performance

Shares of MTZ stock opened at $337.55 on Monday. MasTec, Inc. has a 1-year low of $160.08 and a 1-year high of $441.43. The stock’s 50-day moving average is $373.59 and its 200 day moving average is $331.20. The company has a market cap of $26.67 billion, a P/E ratio of 59.12 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.41. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Research analysts predict that MasTec, Inc. will post 9.18 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares in the company, valued at $12,779,382. The trade was a 8.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is currently owned by company insiders.

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.