Jennison Associates LLC Trims Stock Holdings in MasTec, Inc. $MTZ

Jennison Associates LLC decreased its holdings in MasTec, Inc. (NYSE:MTZ) by 58.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 102,856 shares of the construction company’s stock after selling 146,403 shares during the period. Jennison Associates LLC’s holdings in MasTec were worth $22,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of MTZ. Salomon & Ludwin LLC increased its stake in shares of MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of MasTec in the fourth quarter worth about $30,000. Root Financial Partners LLC purchased a new position in shares of MasTec in the third quarter worth about $49,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares in the last quarter. Finally, CI Investments Inc. increased its stake in shares of MasTec by 39.9% in the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. KeyCorp raised their price objective on shares of MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. 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 report on Monday, March 2nd. Barclays raised their price objective on shares of MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Truist Financial raised their price objective on shares of MasTec from $356.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of MasTec from $346.00 to $386.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $336.00.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction that occurred 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 transaction, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 21.40% of the company’s stock.

More MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q1 results beat expectations — MasTec reported $1.39 EPS vs. consensus ~$0.98 and revenue of $3.83B, ahead of estimates and up ~34.5% year-over-year, signaling accelerating demand. MarketBeat Q1 Summary
• Positive Sentiment: Management raised guidance — MasTec boosted FY 2026 EPS guidance to 8.79 (vs. consensus ~8.45) and issued higher revenue guidance (~$17.5B), and set Q2 EPS at 2.20 with revenue ~$4.3B, showing confidence in backlog and demand. Business Wire: Q1 Results & Guidance
• Positive Sentiment: Strong execution across end-markets — Management highlighted double-digit revenue and profit growth and strong customer demand across businesses on the earnings call, supporting the guidance raise. Earnings Call Transcript
• Neutral Sentiment: Analyst write-ups and snapshots — Coverage from Zacks, Yahoo and local press highlights the beat and upgraded outlook; useful context for estimates and style/valuation checks. Zacks: Key Metrics
• Negative Sentiment: Rich valuation creates risk — MTZ trades at a high P/E (market commentary notes elevated multiples after the rally), which could amplify downside if growth or margin progress slips. Yahoo Finance Coverage

MasTec Trading Up 6.0%

MTZ stock opened at $417.65 on Friday. The company has a market capitalization of $32.92 billion, a PE ratio of 82.38 and a beta of 1.80. MasTec, Inc. has a one year low of $136.88 and a one year high of $418.13. The company’s 50 day moving average price is $328.15 and its two-hundred day moving average price is $259.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32.

MasTec (NYSE:MTZ) last posted its quarterly 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 for 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 17.50%. The business’s revenue was up 34.5% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. 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, analysts predict that MasTec, Inc. will post 8.2 earnings per share for the current fiscal year.

MasTec Profile

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.