Brant Point Investment Management LLC Invests $326,000 in MasTec, Inc. $MTZ

Brant Point Investment Management LLC bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,500 shares of the construction company’s stock, valued at approximately $326,000.

Other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of MasTec during the 4th quarter worth about $30,000. CIBC Private Wealth Group LLC grew its position in shares of MasTec by 372.0% during the 4th 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. Covestor Ltd grew its position in shares of MasTec by 102.6% during the 4th quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after buying an additional 159 shares during the period. CI Investments Inc. grew its position in shares of MasTec by 39.9% during the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after buying an additional 91 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of MasTec by 671.4% during the 4th quarter. Harbour Investments Inc. now owns 324 shares of the construction company’s stock worth $70,000 after buying an additional 282 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Wolfe Research restated an “outperform” rating and set a $326.00 target price on shares of MasTec in a research report on Monday, March 2nd. CICC Research initiated coverage on MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective for the company. Stifel Nicolaus set a $455.00 price objective on MasTec in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $459.28.

MasTec Price Performance

Shares of MTZ opened at $362.63 on Friday. 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 has a 50 day simple moving average of $378.24 and a 200 day simple moving average of $297.85. MasTec, Inc. has a 52-week low of $159.77 and a 52-week high of $441.43. The firm has a market capitalization of $28.65 billion, a PE ratio of 63.51 and a beta of 1.77.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (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 during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the firm earned $0.51 EPS. MasTec’s quarterly 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. Sell-side analysts predict that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Insider Buying and Selling at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the sale, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the sale, the director owned 30,646 shares in the company, valued at $12,779,382. The trade was a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 10,450 shares of company stock worth $3,972,764. Corporate insiders own 21.40% of the company’s stock.

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.