Hodges Capital Management Inc. Reduces Stock Position in MasTec, Inc. $MTZ

Hodges Capital Management Inc. lessened its stake in MasTec, Inc. (NYSE:MTZ) by 10.1% in the first quarter, HoldingsChannel reports. The firm owned 23,449 shares of the construction company’s stock after selling 2,627 shares during the period. Hodges Capital Management Inc.’s holdings in MasTec were worth $7,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of MasTec in the fourth quarter worth $227,000. NewEdge Advisors LLC boosted its position in MasTec by 32.6% in the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after purchasing an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MasTec during the 2nd quarter valued at about $271,000. Northwestern Mutual Wealth Management Co. increased its position in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after purchasing an additional 912 shares during the period. 78.10% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is owned by insiders.

MasTec Stock Performance

Shares of NYSE MTZ opened at $374.40 on Monday. The stock has a market cap of $29.58 billion, a PE ratio of 65.57 and a beta of 1.77. MasTec, Inc. has a 1 year low of $160.08 and a 1 year high of $441.43. The firm has a fifty day moving average price of $387.98 and a 200-day moving average price of $316.71. 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 released its earnings results 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 company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. MasTec’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. Equities analysts anticipate that MasTec, Inc. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on MTZ shares. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a report on Monday, May 4th. UBS Group boosted their price objective on shares of MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research report on Friday, May 1st. B. Riley Financial restated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Truist Financial lifted their target price on MasTec from $518.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday. Finally, CICC Research assumed coverage on MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target for the company. Nineteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $461.06.

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.