MasTec, Inc. $MTZ Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lowered its stake in MasTec, Inc. (NYSE:MTZ) by 78.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,284 shares of the construction company’s stock after selling 41,579 shares during the quarter. Boothbay Fund Management LLC’s holdings in MasTec were worth $2,401,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of MTZ. Vanguard Group Inc. lifted its position in shares of MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after purchasing an additional 34,899 shares in the last quarter. Invesco Ltd. lifted its holdings in MasTec by 6.1% in the 2nd quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company’s stock worth $300,817,000 after buying an additional 102,072 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in MasTec by 8.9% in the 2nd quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company’s stock worth $288,479,000 after buying an additional 138,269 shares in the last quarter. AQR Capital Management LLC boosted its position in MasTec by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after buying an additional 108,504 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of MasTec by 52.1% during the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after acquiring an additional 350,228 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the transaction, the director owned 17,235 shares of the company’s stock, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 21.30% of the stock is currently owned by corporate insiders.

MasTec Stock Up 3.6%

Shares of MasTec stock opened at $300.47 on Tuesday. The business has a 50-day moving average price of $262.68 and a 200 day moving average price of $226.15. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $310.36. The firm has a market cap of $23.70 billion, a P/E ratio of 59.26 and a beta of 1.88. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the firm earned $1.44 EPS. The business’s revenue was up 15.8% on a year-over-year basis. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. On average, sell-side analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTZ has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen upgraded MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Wolfe Research reaffirmed an “outperform” rating and issued a $326.00 target price on shares of MasTec in a research report on Monday, March 2nd. KeyCorp increased their target price on MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Finally, Stifel Nicolaus raised their price target on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.84.

MasTec Company 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.