Sei Investments Co. Has $28.67 Million Stock Holdings in MasTec, Inc. $MTZ

Sei Investments Co. trimmed its stake in shares of MasTec, Inc. (NYSE:MTZ) by 12.4% in the first quarter, Holdings Channel.com reports. The fund owned 89,109 shares of the construction company’s stock after selling 12,607 shares during the quarter. Sei Investments Co.’s holdings in MasTec were worth $28,670,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC bought a new stake in shares of MasTec in the 4th quarter valued at $227,000. NewEdge Advisors LLC raised its stake in MasTec by 32.6% during the first 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 during the last quarter. Sivia Capital Partners LLC bought a new position in MasTec during the second quarter worth $271,000. Northwestern Mutual Wealth Management Co. lifted its holdings in MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in MasTec by 793.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after buying an additional 912 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director C Robert Campbell sold 3,000 shares of the business’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 transaction of $1,251,000.00. Following the completion of the sale, the director owned 30,646 shares in the company, valued at $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’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 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 currently owned by corporate insiders.

MasTec Trading Down 0.5%

MTZ opened at $336.31 on Tuesday. MasTec, Inc. has a 1-year low of $160.08 and a 1-year high of $441.43. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market cap of $26.57 billion, a P/E ratio of 58.90 and a beta of 1.77. The company has a fifty day moving average price of $372.62 and a two-hundred day moving average price of $331.91.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Analysts predict that MasTec, Inc. will post 9.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on MTZ. Barclays increased their price target on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. The Goldman Sachs Group boosted their price objective on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Guggenheim upped their target price on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Truist Financial raised their target price on MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, TD Cowen lifted their target price on MasTec from $445.00 to $470.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $466.89.

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.