Community Trust & Investment Co. Sells 20,632 Shares of MasTec, Inc. $MTZ

Community Trust & Investment Co. cut its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,035 shares of the construction company’s stock after selling 20,632 shares during the period. MasTec makes up 1.4% of Community Trust & Investment Co.’s portfolio, making the stock its 16th biggest position. Community Trust & Investment Co.’s holdings in MasTec were worth $26,961,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Salomon & Ludwin LLC raised its position in MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after buying an additional 93 shares during the last quarter. Caldwell Trust Co purchased a new stake in shares of MasTec during the 2nd quarter valued at about $29,000. Princeton Global Asset Management LLC purchased a new stake in shares of MasTec during the 3rd quarter valued at about $43,000. Root Financial Partners LLC bought a new stake in shares of MasTec in the third quarter worth approximately $49,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Performance

Shares of NYSE MTZ opened at $310.56 on Tuesday. The firm has a 50 day moving average of $270.61 and a 200 day moving average of $230.56. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $24.50 billion, a price-to-earnings ratio of 61.25 and a beta of 1.88. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $320.97.

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

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction 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 directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.30% of the stock is owned by company insiders.

Analyst Ratings Changes

MTZ has been the topic of a number of research analyst reports. Wolfe Research restated an “outperform” rating and set a $326.00 price objective on shares of MasTec in a research report on Monday, March 2nd. Truist Financial lifted their target price on shares of MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. DA Davidson boosted their target price on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. TD Cowen increased their price target on MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Cantor Fitzgerald raised their price target on MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.72.

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.