Prevail Innovative Wealth Advisors LLC trimmed its stake in MasTec, Inc. (NYSE:MTZ – Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,590 shares of the construction company’s stock after selling 2,377 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in MasTec were worth $3,824,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of MTZ. Vanguard Group Inc. lifted its stake in shares of MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock valued at $1,278,391,000 after buying an additional 34,899 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of MasTec by 11.3% in the second 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 in the last quarter. First Trust Advisors LP lifted its stake in shares of MasTec by 52.1% in 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 buying an additional 350,228 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of MasTec by 9,550.8% in the third quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after buying an additional 936,747 shares in the last quarter. Finally, Merewether Investment Management LP lifted its stake in shares of MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after buying an additional 324,500 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the sale, the director owned 17,235 shares in the company, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 10,450 shares of company stock worth $3,512,759. Insiders own 21.40% of the company’s stock.
MasTec Stock Down 0.2%
MasTec (NYSE:MTZ – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm earned $0.51 earnings per share. The firm’s revenue 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. Research analysts expect that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
MTZ has been the topic of a number of recent research reports. Robert W. Baird raised 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. TD Cowen raised their price objective on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $458.06.
Get Our Latest Analysis on MTZ
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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