Zweig DiMenna Associates LLC Acquires New Position in MasTec, Inc. $MTZ

Zweig DiMenna Associates LLC acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the fourth quarter, HoldingsChannel reports. The fund acquired 40,000 shares of the construction company’s stock, valued at approximately $8,695,000.

A number of other large investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its holdings in shares of MasTec by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after buying an additional 43 shares in the last quarter. Williamson Legacy Group LLC raised its holdings in shares of MasTec by 0.9% during the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after buying an additional 52 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of MasTec by 3.1% during the 3rd quarter. Crestwood Advisors Group LLC now owns 1,738 shares of the construction company’s stock valued at $370,000 after buying an additional 53 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of MasTec by 0.4% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 14,882 shares of the construction company’s stock valued at $3,461,000 after buying an additional 54 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of MasTec by 1.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,081 shares of the construction company’s stock valued at $868,000 after buying an additional 55 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group raised their price objective on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a report on Friday, May 1st. Cantor Fitzgerald raised their price objective on MasTec from $347.00 to $545.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Robert W. Baird lifted their price target on MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Stifel Nicolaus set a $455.00 price target on MasTec in a research note on Monday, May 4th. Finally, Weiss Ratings cut MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and an average price target of $459.28.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of MasTec 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 sale, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the sale, the director owned 17,235 shares in the company, valued at approximately $5,177,394. This represents a 27.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,450 shares of company stock worth $3,512,759. 21.40% of the stock is currently owned by insiders.

MasTec Price Performance

Shares of MasTec stock opened at $378.91 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The business’s 50 day simple moving average is $369.18 and its two-hundred day simple moving average is $286.27. The stock has a market capitalization of $29.94 billion, a P/E ratio of 66.36 and a beta of 1.82. MasTec, Inc. has a one year low of $152.43 and a one year high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Analysts forecast that MasTec, Inc. will post 8.51 EPS for the current year.

About MasTec

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.