Arcadia Investment Management Corp MI Buys 5,057 Shares of MasTec, Inc. $MTZ

Arcadia Investment Management Corp MI lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 391.4% during the 4th quarter, Holdings Channel reports. The firm owned 6,349 shares of the construction company’s stock after purchasing an additional 5,057 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in MasTec were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of MTZ. Victory Capital Management Inc. raised its stake in MasTec by 9,550.8% in the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after acquiring an additional 936,747 shares during the period. 140 Summer Partners LP acquired a new position in shares of MasTec in the third quarter valued at $81,514,000. First Trust Advisors LP increased its holdings in shares of MasTec by 52.1% in the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after purchasing an additional 350,228 shares during the last quarter. Merewether Investment Management LP increased its holdings in shares of MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after purchasing an additional 324,500 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of MasTec by 71.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after purchasing an additional 304,358 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

MasTec Stock Up 0.1%

MTZ stock opened at $378.91 on Monday. The stock has a market capitalization of $29.94 billion, a P/E ratio of 66.36 and a beta of 1.78. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 12 month low of $152.43 and a 12 month high of $441.43. The firm has a 50-day moving average price of $369.18 and a 200-day moving average price of $286.87.

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 analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the business earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, equities research analysts anticipate that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’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 transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 10,450 shares of company stock worth $3,512,759. 21.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. KeyCorp upped their price objective on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price objective on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. DA Davidson lifted their target price on MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and an average target price of $459.28.

MasTec Company 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.