Gaddis Premier Wealth Advisors LLC purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,248 shares of the construction company’s stock, valued at approximately $706,000.
A number of other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake in shares of MasTec by 14.9% in the third quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock valued at $3,531,000 after purchasing an additional 2,158 shares during the period. Gables Capital Management Inc. boosted its stake in shares of MasTec by 30.3% in the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock valued at $4,577,000 after purchasing an additional 4,900 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in shares of MasTec by 50.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock valued at $15,325,000 after purchasing an additional 23,500 shares during the period. Ritholtz Wealth Management boosted its stake in shares of MasTec by 35.1% in the fourth quarter. Ritholtz Wealth Management now owns 11,349 shares of the construction company’s stock valued at $2,467,000 after purchasing an additional 2,948 shares during the period. Finally, Union Bancaire Privee UBP SA boosted its stake in shares of MasTec by 192.1% in the fourth quarter. Union Bancaire Privee UBP SA now owns 14,046 shares of the construction company’s stock valued at $3,053,000 after purchasing an additional 9,238 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. CICC Research assumed coverage on shares of MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective for the company. KeyCorp raised their price objective on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. DA Davidson raised their price objective 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. Guggenheim raised shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price objective for the company in a research note on Wednesday, May 13th. Finally, Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, MasTec has a consensus rating of “Buy” and an average target price of $459.28.
MasTec Stock Down 0.6%
Shares of MasTec stock opened at $361.82 on Tuesday. MasTec, Inc. has a 52-week low of $153.82 and a 52-week high of $441.43. The company has a 50 day moving average of $375.59 and a 200 day moving average of $294.12. 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 has a market capitalization of $28.59 billion, a P/E ratio of 63.37 and a beta of 1.78.
MasTec (NYSE:MTZ – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous 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. As a group, research analysts forecast that MasTec, Inc. will post 8.51 EPS for the current fiscal year.
Insider Transactions at MasTec
In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on 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 represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 10,450 shares of company stock worth $3,972,764. 21.40% of the stock is currently 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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