Ernst Csiszar, serving as a director at MasTec Inc. (NASDAQ:MTZ), has completed a notable transaction involving the company's equity. On June 3, 2026, Csiszar sold 6,500 shares of MasTec common stock. The total value of this divestment reached $2,412,605, executed at a per-share price of $371.17. This sale occurs against the backdrop of a significant appreciation in MasTec's stock price, which has surged by 135% over the past year. At the time of the reported transaction, the stock was trading at $363.89.
Following the completion of this sale, Csiszar's direct holdings in MasTec common stock stand at 10,816 shares. The details of this transaction were formally reported to the Securities and Exchange Commission through a Form 4 filing dated June 5, 2026. Independent analysis from InvestingPro suggests that the stock may currently be overvalued at existing price levels. The platform indicates that additional ProTips and comprehensive analysis for MTZ are available to subscribers.
Broader corporate developments at MasTec Inc. provide context to the insider activity. The company reported strong financial results for the first quarter of 2026, characterized by revenue growth across multiple segments and a notable increase in Pipeline margins. Furthermore, MasTec achieved a record backlog of $20.3 billion in March, a metric that indicates robust future prospects for the firm.
Market analysts have responded to these developments with upward revisions to their price targets. Stifel increased its target to $455, citing the impressive first-quarter results and a 28% year-over-year increase in backlog. KeyBanc established a new target of $500, reflecting optimism derived from the company's analyst day presentations. TD Cowen raised its target to $445, highlighting backlog growth as a primary factor in its assessment. Jefferies adjusted its target to $493, noting the early quarter beat and raised guidance as indicators of momentum. Clear Street raised its target to $440, emphasizing the 34% revenue growth and 73% adjusted EBITDA growth reported in the March quarter.
Current market data shows MasTec Inc. trading at $363.89, reflecting a decline of $10.89 or 2.91% from the previous close. After-hours trading data indicates a price of $363.34, down $0.55 or 0.15%. The stock's performance has been tracked across various timeframes, including 1-day, 1-week, 1-month, 6-month, 1-year, and 5-year periods.
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