Little House Capital LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund bought 6,615 shares of the construction company’s stock, valued at approximately $2,128,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ascentis Independent Advisors purchased a new stake in shares of MasTec during the 1st quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec during the fourth quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new position in MasTec in the first quarter valued at about $65,000. CIBC Private Wealth Group LLC raised its holdings in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after purchasing an additional 186 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in MasTec by 25.4% in the first quarter. Root Financial Partners LLC now owns 311 shares of the construction company’s stock worth $100,000 after purchasing an additional 63 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MTZ. The Goldman Sachs Group raised their price target on shares of MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a report on Monday, May 4th. Cantor Fitzgerald boosted their price objective on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Citigroup increased their target price on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. CICC Research started coverage on shares of MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price for the company. Finally, Jefferies Financial Group restated a “buy” rating and issued a $493.00 target price on shares of MasTec in a research note on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $464.78.
MasTec Price Performance
Shares of MTZ stock opened at $329.68 on Friday. MasTec, Inc. has a fifty-two week low of $160.08 and a fifty-two week high of $441.43. 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 has a market capitalization of $26.05 billion, a price-to-earnings ratio of 57.74 and a beta of 1.77. The stock’s 50-day simple moving average is $381.05 and its 200-day simple moving average is $326.07.
MasTec (NYSE:MTZ – Get Free Report) last released its earnings results 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. 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 the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. MasTec’s 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, equities analysts forecast that MasTec, Inc. will post 9.18 earnings per share for the current fiscal year.
Insider Buying and Selling at MasTec
In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction 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 sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the company’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 completion of the transaction, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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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