Nordea Investment Management AB Has $252.13 Million Holdings in MasTec, Inc. $MTZ

Nordea Investment Management AB decreased its position in shares of MasTec, Inc. (NYSE:MTZ) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,150,269 shares of the construction company’s stock after selling 191,754 shares during the quarter. Nordea Investment Management AB’s holdings in MasTec were worth $252,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of MasTec in the 4th quarter valued at $227,000. NewEdge Advisors LLC raised its stake in MasTec by 32.6% during the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after buying an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in MasTec in the second quarter valued at $271,000. PNC Financial Services Group Inc. boosted its position in MasTec by 22.0% during the second quarter. PNC Financial Services Group Inc. now owns 3,255 shares of the construction company’s stock valued at $555,000 after acquiring an additional 587 shares during the last quarter. Finally, Creative Planning boosted its position in MasTec by 19.9% during the second quarter. Creative Planning now owns 6,221 shares of the construction company’s stock valued at $1,060,000 after acquiring an additional 1,033 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Trading Down 3.8%

MTZ opened at $300.79 on Monday. The company has a fifty day moving average price of $268.88 and a two-hundred day moving average price of $229.66. MasTec, Inc. has a 1-year low of $99.70 and a 1-year high of $316.19. The company has a market cap of $23.73 billion, a P/E ratio of 59.33 and a beta of 1.88. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the 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 transaction, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Cantor Fitzgerald lifted their price objective on MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. KeyCorp upped their target price on MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Jefferies Financial Group raised their target price on MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Stifel Nicolaus lifted their target price on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.72.

MasTec 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.