MasTec, Inc. $MTZ Holdings Boosted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in shares of MasTec, Inc. (NYSE:MTZ) by 69.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,707 shares of the construction company’s stock after purchasing an additional 2,750 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in MasTec were worth $1,458,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MTZ. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MasTec in the fourth quarter worth $30,000. CIBC Private Wealth Group LLC grew its holdings in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares during the period. CI Investments Inc. raised its position in MasTec by 39.9% during the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after buying an additional 91 shares during the period. Finally, Covestor Ltd lifted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MTZ shares. KeyCorp raised their price objective on MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a report on Monday, May 4th. UBS Group increased their price target on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Truist Financial raised their price target on shares of MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, CICC Research started coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price objective on the stock. 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 MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and an average price target of $459.28.

MasTec Stock Performance

Shares of NYSE MTZ opened at $391.29 on Thursday. 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 cap of $30.92 billion, a price-to-earnings ratio of 68.53 and a beta of 1.77. The business’s 50-day simple moving average is $387.96 and its 200-day simple moving average is $314.55. MasTec, Inc. has a 52 week low of $160.08 and a 52 week high of $441.43.

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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the business earned $0.51 EPS. The firm’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 research analysts expect that MasTec, Inc. will post 8.5 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the sale, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the 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 completion of the sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 21.40% of the company’s stock.

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.