MasTec, Inc. $MTZ Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in shares of MasTec, Inc. (NYSE:MTZ) by 20.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 24,262 shares of the construction company’s stock after selling 6,081 shares during the quarter. New York State Teachers Retirement System’s holdings in MasTec were worth $7,806,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aigen Investment Management LP raised its position 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 worth $226,000 after purchasing an additional 38 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of MasTec by 1.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after purchasing an additional 43 shares during the period. Motley Fool Asset Management LLC increased its stake in MasTec by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after purchasing an additional 47 shares in the last quarter. Williamson Legacy Group LLC increased its stake in MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after purchasing an additional 52 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in MasTec by 5.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 943 shares of the construction company’s stock worth $205,000 after buying an additional 52 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a research report on Monday, May 4th. TD Cowen boosted their price target on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a report on Monday, May 4th. Jefferies Financial Group restated a “buy” rating and issued a $493.00 price target on shares of MasTec in a research report on Monday, May 4th. Finally, CICC Research began coverage on shares of MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective for the company. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $461.06.

Insider Transactions at MasTec

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 shares were 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 directly owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s 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 transaction, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by corporate insiders.

MasTec Stock Down 6.5%

NYSE:MTZ traded down $24.70 during trading hours on Tuesday, hitting $355.93. 142,242 shares of the company’s stock traded hands, compared to its average volume of 1,024,705. The firm has a market cap of $28.13 billion, a P/E ratio of 62.33 and a beta of 1.77. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The stock’s fifty day moving average price is $387.95 and its two-hundred day moving average price is $317.86.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter 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. On average, research analysts expect that MasTec, Inc. will post 8.5 earnings per share for the current fiscal 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.