Exchange Traded Concepts LLC Raises Holdings in MasTec, Inc. $MTZ

Exchange Traded Concepts LLC lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 14.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 63,425 shares of the construction company’s stock after acquiring an additional 7,937 shares during the quarter. Exchange Traded Concepts LLC’s holdings in MasTec were worth $13,787,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in MasTec during the fourth quarter valued at about $227,000. NewEdge Advisors LLC increased its stake in shares of MasTec by 32.6% in the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after purchasing an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MasTec in the second quarter valued at approximately $271,000. Creative Planning raised its position in shares of MasTec by 19.9% in the second quarter. Creative Planning now owns 6,221 shares of the construction company’s stock valued at $1,060,000 after purchasing an additional 1,033 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of MasTec by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 103,237 shares of the construction company’s stock valued at $17,595,000 after buying an additional 3,273 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In related news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 21.30% of the company’s stock.

MasTec Price Performance

Shares of NYSE:MTZ opened at $316.66 on Friday. The company has a 50 day moving average of $277.40 and a 200 day moving average of $234.12. 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 stock has a market cap of $24.98 billion, a P/E ratio of 62.46 and a beta of 1.89. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $328.69.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. KeyCorp raised their price objective on shares of MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Mizuho increased their target price on MasTec from $254.00 to $362.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Cantor Fitzgerald raised their price target on MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. DA Davidson lifted their price target on MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Wolfe Research reiterated an “outperform” rating and set a $326.00 price objective on shares of MasTec in a research note on Monday, March 2nd. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, MasTec has an average rating of “Moderate Buy” and an average 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.