Maridea Wealth Management LLC Acquires New Position in MasTec, Inc. $MTZ

Maridea Wealth Management LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,705 shares of the construction company’s stock, valued at approximately $1,192,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTZ. Brighton Jones LLC acquired a new stake in shares of MasTec during the 4th quarter valued at $227,000. NewEdge Advisors LLC increased its stake 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 acquiring an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of MasTec in the second quarter worth $271,000. Northwestern Mutual Wealth Management Co. raised 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 worth $61,000 after acquiring an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised 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 worth $175,000 after acquiring an additional 912 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insider Activity

In related news, Director C Robert Campbell sold 3,000 shares of the firm’s 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 transaction, the director directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 21.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings cut MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. UBS Group upped their target price on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Truist Financial raised their price target on MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. KeyCorp lifted their price target on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Wolfe Research reissued an “outperform” rating and issued a $326.00 price target on shares of MasTec in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $459.28.

MasTec Stock Down 1.9%

MTZ stock opened at $396.09 on Friday. The firm has a market cap of $31.30 billion, a PE ratio of 69.37 and a beta of 1.77. MasTec, Inc. has a 1 year low of $160.08 and a 1 year high of $441.43. The company has a fifty day simple moving average of $385.30 and a 200 day simple moving average of $310.02. 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 (NYSE:MTZ) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The business’s quarterly revenue 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. Sell-side analysts anticipate that MasTec, Inc. will post 8.5 EPS 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.