GS Investments Inc. Sells 2,028 Shares of MasTec, Inc. $MTZ

GS Investments Inc. trimmed its stake in MasTec, Inc. (NYSE:MTZ) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,028 shares of the construction company’s stock after selling 2,028 shares during the period. MasTec accounts for 2.2% of GS Investments Inc.’s portfolio, making the stock its 12th largest position. GS Investments Inc.’s holdings in MasTec were worth $4,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in shares of MasTec by 14.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock worth $3,531,000 after acquiring an additional 2,158 shares in the last quarter. Marco Investment Management LLC raised its position in shares of MasTec by 28.2% in the 3rd quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after acquiring an additional 6,955 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in shares of MasTec by 50.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after acquiring an additional 23,500 shares in the last quarter. Gables Capital Management Inc. raised its position in shares of MasTec by 30.3% in the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of MasTec in the 3rd quarter worth $1,870,000. 78.10% of the stock is owned by institutional investors.

MasTec Trading Up 2.1%

Shares of NYSE:MTZ opened at $389.95 on Wednesday. The business’s 50-day moving average is $364.32 and its 200 day moving average is $282.99. MasTec, Inc. has a 1 year low of $152.43 and a 1 year high of $441.43. The firm has a market capitalization of $30.81 billion, a P/E ratio of 68.29 and a beta of 1.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. On average, research analysts predict that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on MTZ shares. Cantor Fitzgerald upped their target price on MasTec from $347.00 to $545.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Barclays upped their target price on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Stifel Nicolaus set a $455.00 target price on MasTec in a research report on Monday, May 4th. Finally, The Goldman Sachs Group upped their target price on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $459.28.

Insider Activity

In other news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 30,646 shares in the company, valued at $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 10,450 shares of company stock valued at $3,512,759. Company 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.