Thoroughbred Financial Services LLC bought a new stake in MasTec, Inc. (NYSE:MTZ – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,205 shares of the construction company’s stock, valued at approximately $479,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec in the 4th quarter valued at $30,000. Northwestern Mutual Wealth Management Co. grew its stake in MasTec by 105.2% in the 2nd 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 last quarter. CI Investments Inc. grew its stake in MasTec by 39.9% in the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after buying an additional 91 shares during the last quarter. Covestor Ltd boosted its stake in MasTec by 102.6% during the 4th quarter. Covestor Ltd now owns 314 shares of the construction company’s stock valued at $68,000 after purchasing an additional 159 shares during the period. Finally, Harbour Investments Inc. boosted its stake in MasTec by 671.4% during the 4th quarter. Harbour Investments Inc. now owns 324 shares of the construction company’s stock valued at $70,000 after purchasing an additional 282 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on MTZ. TD Cowen increased their target price on MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Mizuho increased their target price on MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Robert W. Baird increased their target price on MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Guggenheim upgraded shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price for the company in a research note on Wednesday, May 13th. Finally, DA Davidson upped their target price on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $459.28.
MasTec Trading Down 1.2%
Shares of MTZ opened at $378.91 on Friday. MasTec, Inc. has a 12-month low of $152.43 and a 12-month high of $441.43. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $29.94 billion, a price-to-earnings ratio of 66.36 and a beta of 1.82. The stock’s 50-day moving average price is $369.18 and its 200 day moving average price is $286.27.
MasTec (NYSE:MTZ – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, research analysts predict that MasTec, Inc. will post 8.51 earnings per share for the current year.
Insiders Place Their Bets
In other MasTec news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Monday, May 4th. The shares were 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 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the sale, the director owned 10,592 shares in the company, valued at $3,446,954.56. This represents a 8.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,450 shares of company stock worth $3,512,759 over the last 90 days. Corporate insiders own 21.40% 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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