North Dakota State Investment Board Invests $476,000 in MasTec, Inc. $MTZ

North Dakota State Investment Board purchased a new position in shares of MasTec, Inc. (NYSE:MTZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,190 shares of the construction company’s stock, valued at approximately $476,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec during the 4th quarter worth $30,000. Root Financial Partners LLC bought a new position in shares of MasTec during the 3rd quarter worth $49,000. CI Investments Inc. grew its position in shares of MasTec by 39.9% during the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after buying an additional 182 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in shares of MasTec by 20.1% during the 3rd quarter. Rothschild Investment LLC now owns 406 shares of the construction company’s stock worth $86,000 after buying an additional 68 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of MTZ stock opened at $382.24 on Friday. MasTec, Inc. has a 1-year low of $148.60 and a 1-year high of $441.43. The stock’s 50-day moving average is $360.61 and its 200 day moving average is $279.78. The company has a market cap of $30.20 billion, a P/E ratio of 66.94 and a beta of 1.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MTZ. Weiss Ratings downgraded MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Robert W. Baird increased their price target on MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Cantor Fitzgerald increased their price target on MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, UBS Group raised their price objective on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $459.28.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated 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 trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the sale, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This represents a 27.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,450 shares of company stock valued at $3,512,759 over the last quarter. 21.40% of the stock is owned by corporate 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.