MasTec, Inc. $MTZ Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 6.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,370 shares of the construction company’s stock after selling 4,262 shares during the period. Hsbc Holdings PLC’s holdings in MasTec were worth $18,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MTZ. Migdal Insurance & Financial Holdings Ltd. purchased a new position in MasTec in the fourth quarter valued at about $30,000. Ascentis Independent Advisors acquired a new position in shares of MasTec during the first quarter worth about $30,000. CIBC Private Wealth Group LLC boosted its position in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of MasTec by 105.2% in the second 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 during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of MasTec in the first quarter valued at about $65,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTZ has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $493.00 target price on shares of MasTec in a report on Monday, May 4th. B. Riley Financial restated a “buy” rating on shares of MasTec in a report on Monday, May 4th. TD Cowen increased their price objective on shares of MasTec from $445.00 to $470.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Robert W. Baird lifted their price objective on shares of MasTec from $473.00 to $475.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, Roth Capital reissued a “buy” rating and set a $450.00 target price on shares of MasTec in a research report on Monday, May 4th. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $464.78.

MasTec Stock Up 4.1%

Shares of NYSE MTZ opened at $350.55 on Wednesday. MasTec, Inc. has a 1 year low of $160.08 and a 1 year high of $441.43. The firm has a market cap of $27.70 billion, a price-to-earnings ratio of 61.39 and a beta of 1.77. 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 stock’s 50-day simple moving average is $377.99 and its 200-day simple moving average is $328.55.

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. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. 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 analysts anticipate that MasTec, Inc. will post 9.18 earnings per share for the current fiscal year.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, 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 transaction 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 that occurred on 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 directly owned 30,646 shares of the company’s stock, valued at $12,779,382. The trade was 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 insiders.

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.