MasTec, Inc. $MTZ Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in MasTec, Inc. (NYSE:MTZ) by 25.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 15,000 shares of the construction company’s stock after buying an additional 3,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in MasTec were worth $4,826,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MTZ. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of MasTec in the 4th quarter worth approximately $30,000. CIBC Private Wealth Group LLC lifted its stake in MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after purchasing an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares during the period. GHP Investment Advisors Inc. bought a new stake in MasTec during the first quarter valued at $65,000. Finally, CI Investments Inc. increased its stake in MasTec by 39.9% during the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MTZ shares. 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. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Roth Mkm restated a “buy” rating and issued a $450.00 target price on shares of MasTec in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. upped their target price on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and an average price target of $461.06.

MasTec Stock Performance

Shares of MTZ opened at $380.54 on Tuesday. The firm has a fifty day moving average of $387.95 and a 200-day moving average of $317.86. The company has a market cap of $30.07 billion, a price-to-earnings ratio of 66.64 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. MasTec, Inc. has a 1 year low of $160.08 and a 1 year high of $441.43.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The business 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%. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter last 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. As a group, equities analysts anticipate that MasTec, Inc. will post 8.5 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on 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 directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $1,251,000.00. Following the completion of the sale, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.40% of the company’s stock.

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.