Boothbay Fund Management LLC Purchases 35,840 Shares of MasTec, Inc. $MTZ

Boothbay Fund Management LLC lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 317.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 47,124 shares of the construction company’s stock after acquiring an additional 35,840 shares during the quarter. Boothbay Fund Management LLC’s holdings in MasTec were worth $10,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTZ. Brighton Jones LLC bought a new position in shares of MasTec during the 4th quarter worth $227,000. NewEdge Advisors LLC grew its position in shares of MasTec by 32.6% during the 1st 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 in the last quarter. Sivia Capital Partners LLC bought a new position in shares of MasTec during the 2nd quarter worth $271,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 purchasing an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 912 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of MTZ stock opened at $375.28 on Thursday. 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 $380.39 and its 200 day moving average is $301.96. The company has a market cap of $29.65 billion, a P/E ratio of 65.72 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 issued its quarterly earnings results 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 business had revenue of $3.83 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company 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 8.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. CICC Research assumed coverage on MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price objective on the stock. Barclays raised their price objective on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. The Goldman Sachs Group raised their price objective on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Guggenheim raised MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price objective on the stock in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $459.28.

Insiders Place Their Bets

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 10,450 shares of company stock valued at $3,972,764. 21.40% of the stock is currently owned by corporate 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.