Formidable Asset Management LLC Buys New Shares in MasTec, Inc. $MTZ

Posted by Brian Himes on Jun 30th, 2026

Formidable Asset Management LLC bought a new position in shares of MasTec, Inc. (NYSE:MTZ – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,398 shares of the construction company’s stock, valued at approximately $450,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec in the fourth quarter valued at $30,000. GHP Investment Advisors Inc. bought a new stake in shares of MasTec during the 1st quarter worth $65,000. CIBC Private Wealth Group LLC boosted its stake in shares of MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares in the last quarter. Covestor Ltd grew its holdings in shares of MasTec by 102.6% in the 4th quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after acquiring an additional 159 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in shares of MasTec by 39.9% in the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after acquiring an additional 91 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Up 8.0%

MasTec stock opened at $427.85 on Tuesday. The firm has a market cap of $33.81 billion, a PE ratio of 74.93 and a beta of 1.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The firm’s 50 day moving average price is $386.69 and its two-hundred day moving average price is $312.11. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43.

MasTec (NYSE:MTZ – Get Free Report) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue for the quarter 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. On average, research analysts predict that MasTec, Inc. will post 8.5 EPS for the current fiscal year.

Analyst Ratings Changes

MTZ has been the subject of several analyst reports. Wolfe Research reaffirmed an “outperform” rating and set a $326.00 target price on shares of MasTec in a report on Monday, March 2nd. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. The Goldman Sachs Group boosted their price objective on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. 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, Barclays raised their target price on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, MasTec has a consensus rating of “Buy” and an average target price of $459.28.

Get Our Latest Analysis on MasTec

Insider Transactions at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated 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 sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.40% of the company’s stock.

MasTec Profile

(Free Report)

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.