Strs Ohio Buys 46,098 Shares of MasTec, Inc. $MTZ

Strs Ohio boosted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 3,093.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,588 shares of the construction company’s stock after acquiring an additional 46,098 shares during the period. Strs Ohio’s holdings in MasTec were worth $15,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Gables Capital Management Inc. boosted its holdings in shares of MasTec by 30.3% during the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock valued at $4,577,000 after purchasing an additional 4,900 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in shares of MasTec by 50.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after purchasing an additional 23,500 shares during the last quarter. Swedbank AB increased its holdings in shares of MasTec by 5.2% in the fourth quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock worth $13,977,000 after purchasing an additional 3,200 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of MasTec by 35.1% in the fourth quarter. Ritholtz Wealth Management now owns 11,349 shares of the construction company’s stock worth $2,467,000 after buying an additional 2,948 shares in the last quarter. Finally, Union Bancaire Privee UBP SA lifted its position in shares of MasTec by 192.1% in the fourth quarter. Union Bancaire Privee UBP SA now owns 14,046 shares of the construction company’s stock worth $3,053,000 after buying an additional 9,238 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Up 0.3%

Shares of NYSE MTZ opened at $374.40 on Friday. The firm’s 50-day moving average price is $387.98 and its 200-day moving average price is $316.04. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $29.58 billion, a price-to-earnings ratio of 65.57 and a beta of 1.77. MasTec, Inc. has a 12-month low of $160.08 and a 12-month high of $441.43.

MasTec (NYSE:MTZ) last released 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. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was up 34.5% on a year-over-year basis. 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 8.5 EPS for the current fiscal year.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

MTZ has been the subject of several research analyst reports. Truist Financial raised their price target on MasTec from $518.00 to $550.00 and gave the company a “buy” rating in a report on Thursday. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a research note on Monday, May 4th. TD Cowen upped their price objective on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. increased their target price on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Guggenheim raised shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price for the company in a report on Wednesday, May 13th. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, MasTec presently has a consensus rating of “Moderate Buy” and an average price target of $461.06.

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.