Assenagon Asset Management S.A. Purchases 90,682 Shares of MasTec, Inc. $MTZ

Assenagon Asset Management S.A. lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 55.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 255,222 shares of the construction company’s stock after buying an additional 90,682 shares during the quarter. Assenagon Asset Management S.A.’s holdings in MasTec were worth $82,115,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MTZ. Gables Capital Management Inc. boosted its stake in shares of MasTec by 30.3% in the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock valued at $4,577,000 after buying an additional 4,900 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in MasTec by 50.0% during 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 in the last quarter. Swedbank AB raised its holdings in MasTec by 5.2% in the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Union Bancaire Privee UBP SA lifted its position in shares of MasTec by 192.1% during 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 period. Institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction 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 sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s 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 owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by corporate insiders.

MasTec Price Performance

Shares of MTZ stock opened at $391.58 on Thursday. The business has a fifty day simple moving average of $383.93 and a 200 day simple moving average of $308.12. The company has a market cap of $30.94 billion, a P/E ratio of 68.58 and a beta of 1.77. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43.

MasTec (NYSE:MTZ) last released its earnings results 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 firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $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, sell-side analysts forecast that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MTZ shares. Jefferies Financial Group reissued a “buy” rating and set a $493.00 target price on shares of MasTec in a report on Monday, May 4th. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Mizuho upped their price objective on shares of MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Barclays increased their price objective on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Finally, Truist Financial raised their target price on shares of MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.