Peregrine Capital Management LLC Decreases Holdings in MasTec, Inc. $MTZ

Key Points

• Peregrine Capital cut its stake in MasTec (NYSE:MTZ) by 98.2% in Q4, selling 8,078 shares and retaining just 150 shares valued at about $33,000.
• MasTec beat Q4 expectations with $2.07 EPS and $3.94B revenue (up 15.8% YoY); analysts maintain a Moderate Buy consensus with an average price target of $329.17 after several target upgrades.
• Insiders have been selling recently—Director Ernst N. Csiszar sold 6,500 shares (~$1.95M) and Javier Palomarez sold 950 shares (~$309K)—yet insiders still own 21.3% of the company while institutions hold 78.1%.

Peregrine Capital Management LLC decreased its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 98.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150 shares of the construction company's stock after selling 8,078 shares during the quarter. Peregrine Capital Management LLC's holdings in MasTec were worth $33,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC boosted its stake in shares of MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company's stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec during the 4th quarter worth approximately $30,000. Root Financial Partners LLC purchased a new stake in shares of MasTec during the 3rd quarter worth approximately $49,000. CI Investments Inc. boosted its stake in shares of MasTec by 39.9% during the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company's stock worth $68,000 after acquiring an additional 91 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of MasTec by 105.2% during the 2nd 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. Hedge funds and other institutional investors own 78.10% of the company's stock.

MasTec Stock Performance

NYSE MTZ opened at $376.52 on Friday. MasTec, Inc. has a fifty-two week low of $121.82 and a fifty-two week high of $388.57. The stock has a market cap of $29.68 billion, a price-to-earnings ratio of 74.26 and a beta of 1.80. The business has a fifty day moving average of $319.19 and a 200-day moving average of $254.82. 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 - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $3.71 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, analysts predict that MasTec, Inc. will post 8.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wolfe Research reissued an "outperform" rating and set a $326.00 price target on shares of MasTec in a research note on Monday, March 2nd. KeyCorp boosted their price target on MasTec from $264.00 to $335.00 and gave the stock an "overweight" rating in a research note on Monday, March 2nd. Truist Financial boosted their price target on MasTec from $356.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Robert W. Baird lifted their price objective on MasTec from $249.00 to $348.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. Finally, Citigroup increased their target price on MasTec from $284.00 to $350.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $329.17.

Insider Buying and Selling at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction on Tuesday, March 3rd. The stock was 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 directly owned 17,235 shares in the company, valued at approximately $5,177,394. The trade was a 27.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Javier Alberto Palomarez sold 950 shares of the business's stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares of the company's stock, valued at $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.30% of the company's stock.

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.

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