Formidable Asset Management LLC Invests $450,000 in MasTec, Inc. $MTZ

Formidable Asset Management LLC purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,398 shares of the construction company’s stock, valued at approximately $450,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after buying an additional 1,690,896 shares in the last quarter. Peconic Partners LLC grew its holdings in MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after acquiring an additional 850,000 shares in the last quarter. First Trust Advisors LP increased its position in shares of MasTec by 28.3% in the 4th quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company’s stock worth $285,066,000 after purchasing an additional 289,258 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of MasTec by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock valued at $265,395,000 after purchasing an additional 94,344 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of MasTec by 11.3% during the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock worth $181,961,000 after purchasing an additional 108,504 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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 approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the sale, the director directly owned 30,646 shares in the company, valued at $12,779,382. This represents a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 21.40% of the company’s stock.

MasTec Price Performance

Shares of NYSE MTZ opened at $427.85 on Tuesday. MasTec, Inc. has a fifty-two week low of $160.08 and a fifty-two week high of $441.43. The firm’s 50-day simple moving average is $386.69 and its 200 day simple moving average is $312.11. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The stock has a market cap of $33.81 billion, a P/E ratio of 74.93 and a beta of 1.78.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company earned $0.51 EPS. MasTec’s quarterly revenue was up 34.5% on a year-over-year basis. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities analysts expect that MasTec, Inc. will post 8.5 EPS for the current year.

Analysts Set New Price Targets

MTZ has been the subject of several research analyst reports. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. The Goldman Sachs Group upped their price target on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research report on Monday, May 4th. DA Davidson lifted their price objective on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Cantor Fitzgerald increased their target price on shares of MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, CICC Research assumed coverage on shares of MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $459.28.

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.