195,440 Shares in MasTec, Inc. $MTZ Acquired by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. bought a new position in shares of MasTec, Inc. (NYSE:MTZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 195,440 shares of the construction company’s stock, valued at approximately $42,483,000.

A number of other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in MasTec by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 636,359 shares of the construction company’s stock valued at $138,325,000 after purchasing an additional 53,962 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in MasTec by 8.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 350,654 shares of the construction company’s stock valued at $76,222,000 after purchasing an additional 26,378 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in MasTec by 11.0% in the fourth quarter. Fielder Capital Group LLC now owns 2,193 shares of the construction company’s stock valued at $477,000 after purchasing an additional 217 shares in the last quarter. Arcadia Investment Management Corp MI boosted its holdings in MasTec by 391.4% in the fourth quarter. Arcadia Investment Management Corp MI now owns 6,349 shares of the construction company’s stock valued at $1,380,000 after purchasing an additional 5,057 shares in the last quarter. Finally, NewCorp Financial Services Inc. acquired a new position in MasTec in the fourth quarter valued at approximately $510,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 21.40% of the company’s stock.

MasTec Price Performance

Shares of MTZ opened at $370.41 on Thursday. MasTec, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $441.43. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 64.87 and a beta of 1.77. The firm has a 50-day simple moving average of $372.64 and a 200-day simple moving average of $290.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32.

MasTec (NYSE:MTZ) last announced 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 business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly 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. On average, equities research analysts anticipate that MasTec, Inc. will post 8.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial upped their price target on MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a report on Monday, May 4th. DA Davidson upped their price target on MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price target on shares of MasTec in a report on Monday, May 4th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $326.00 price target on shares of MasTec in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, MasTec presently has a consensus rating of “Buy” and a consensus price target of $459.28.

MasTec Company 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.