Clearwave Capital LLC Invests $492,000 in MasTec, Inc. $MTZ

Clearwave Capital LLC acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,265 shares of the construction company’s stock, valued at approximately $492,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gables Capital Management Inc. boosted its position in MasTec by 30.3% during the fourth 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 during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in 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 during the period. Ritholtz Wealth Management raised its holdings in MasTec by 35.1% in the 4th quarter. Ritholtz Wealth Management now owns 11,349 shares of the construction company’s stock valued at $2,467,000 after acquiring an additional 2,948 shares during the last quarter. Union Bancaire Privee UBP SA raised its holdings in MasTec by 192.1% in the 4th quarter. Union Bancaire Privee UBP SA now owns 14,046 shares of the construction company’s stock valued at $3,053,000 after acquiring an additional 9,238 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of MasTec by 14.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 63,425 shares of the construction company’s stock worth $13,787,000 after purchasing an additional 7,937 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the sale, the director directly owned 30,646 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 10,450 shares of company stock valued at $3,972,764. 21.40% of the stock is owned by insiders.

MasTec Trading Up 0.2%

MTZ opened at $380.34 on Friday. The firm’s fifty day moving average price is $381.86 and its 200 day moving average price is $303.68. The stock has a market capitalization of $30.05 billion, a PE ratio of 66.61 and a beta of 1.77. MasTec, Inc. has a 12-month low of $160.08 and a 12-month high of $441.43. 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 issued its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.98 by $0.41. The company had revenue of $3.83 billion during 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 business’s revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the firm 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, research analysts expect that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. KeyCorp upped their target price on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Barclays raised their price target on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Guggenheim raised shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price objective for the company in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of MasTec from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 8th. Finally, Wolfe Research reissued an “outperform” rating and issued a $326.00 target price on shares of MasTec in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $459.28.

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.