Swedbank AB Has $18.85 Million Stake in MasTec, Inc. $MTZ

Swedbank AB trimmed its position in MasTec, Inc. (NYSE:MTZ) by 8.9% during the first quarter, Holdings Channel reports. The firm owned 58,600 shares of the construction company’s stock after selling 5,700 shares during the quarter. Swedbank AB’s holdings in MasTec were worth $18,854,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MTZ. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in MasTec by 0.6% in the 1st quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,900 shares of the construction company’s stock valued at $22,811,000 after buying an additional 400 shares during the last quarter. Abel Hall LLC bought a new stake in shares of MasTec during the 1st quarter valued at $260,000. Ascentis Independent Advisors bought a new position in MasTec in the 1st quarter valued at about $30,000. Stephens Inc. AR raised its position in MasTec by 22.1% during the first quarter. Stephens Inc. AR now owns 53,472 shares of the construction company’s stock valued at $17,204,000 after purchasing an additional 9,679 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in shares of MasTec during the 1st quarter worth $252,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Trading Up 0.3%

NYSE MTZ opened at $383.97 on Friday. The business’s fifty day moving average is $387.73 and its 200-day moving average is $321.28. 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, Inc. has a one year low of $160.08 and a one year high of $441.43. The stock has a market capitalization of $30.34 billion, a price-to-earnings ratio of 67.25 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. MasTec’s revenue for the quarter 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. Equities research analysts predict that MasTec, Inc. will post 8.5 EPS for the current year.

More MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target on MasTec to $581 from $545 and reiterated an overweight rating, signaling confidence in further upside from current levels. Benzinga report
• Positive Sentiment: Mizuho also lifted its price target to $502 from $498 and kept an outperform rating, adding to the bullish analyst sentiment around MTZ. Benzinga report
• Positive Sentiment: MasTec announced a $1.65 billion cash-and-stock deal to acquire The Superior Group, a move expected to strengthen its electrical contracting capabilities and accelerate growth in AI/data center infrastructure. Reuters article
• Neutral Sentiment: Some commentary argues the acquisition may not be enough to justify the stock’s elevated valuation, suggesting investors are weighing the growth benefits against the price paid. Seeking Alpha article
• Negative Sentiment: One market note said MTZ shares fell after the Superior Group announcement, reflecting some concern about deal execution and dilution, even as the strategic rationale remains intact. Blockonomi article

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MTZ. Truist Financial upped their price objective on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Citigroup increased their target price on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. increased their target price on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Nineteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus target price of $463.39.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 30,646 shares of the company’s stock, valued at $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.