Candriam S.C.A. decreased its holdings in shares of MasTec, Inc. (NYSE:MTZ – Free Report) by 49.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,272 shares of the construction company’s stock after selling 27,126 shares during the period. Candriam S.C.A.’s holdings in MasTec were worth $8,774,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Victory Capital Management Inc. lifted its position in shares of MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after buying an additional 1,690,896 shares during the last quarter. Peconic Partners LLC grew its position in shares of MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after buying an additional 850,000 shares during the last quarter. Coatue Management LLC bought a new stake in shares of MasTec during the 4th quarter valued at about $147,357,000. 140 Summer Partners LP acquired a new stake in MasTec during the third quarter worth about $81,514,000. Finally, Merewether Investment Management LP raised its stake in MasTec by 59.8% during the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after acquiring an additional 324,500 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. B. Riley Financial restated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Robert W. Baird increased their price target on MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. TD Cowen raised their price target on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Mizuho boosted their price objective on MasTec from $498.00 to $502.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Nineteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, MasTec presently has an average rating of “Moderate Buy” and an average price target of $463.39.
MasTec Trading Up 0.0%
Shares of NYSE:MTZ opened at $372.91 on Monday. 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 company’s 50-day moving average price is $387.80 and its 200 day moving average price is $322.32. The company has a market cap of $29.47 billion, a PE ratio of 65.31 and a beta of 1.77. MasTec, Inc. has a fifty-two week low of $160.08 and a fifty-two week high of $441.43.
MasTec (NYSE:MTZ – Get Free Report) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.98 by $0.41. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. MasTec’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Sell-side analysts anticipate that MasTec, Inc. will post 8.49 earnings per share for the current year.
Insider Buying and Selling at MasTec
In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the transaction, the director directly owned 30,646 shares in the company, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is owned by insiders.
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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