1,735 Shares in MasTec, Inc. $MTZ Bought by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,735 shares of the construction company’s stock, valued at approximately $558,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gables Capital Management Inc. increased its stake in shares of MasTec by 30.3% in the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock valued at $4,577,000 after purchasing an additional 4,900 shares in the last quarter. Swedbank AB boosted its position in MasTec by 5.2% during the fourth quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock worth $13,977,000 after purchasing an additional 3,200 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its position in MasTec by 50.0% during the fourth 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 purchasing an additional 23,500 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in MasTec by 14.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 63,425 shares of the construction company’s stock valued at $13,787,000 after purchasing an additional 7,937 shares during the period. Finally, Ameritas Advisory Services LLC grew its holdings in MasTec by 4,223.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock valued at $601,000 after purchasing an additional 2,703 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

NYSE:MTZ opened at $329.68 on Friday. The stock has a 50 day moving average of $381.05 and a two-hundred day moving average of $326.07. MasTec, Inc. has a 12 month low of $160.08 and a 12 month high of $441.43. The firm has a market cap of $26.05 billion, a P/E ratio of 57.74 and a beta of 1.77. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

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 the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter last 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, analysts expect that MasTec, Inc. will post 9.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MTZ. CICC Research initiated coverage on MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price for the company. TD Cowen increased their target price on MasTec from $445.00 to $470.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Cantor Fitzgerald lifted their price target on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, The Goldman Sachs Group upped their price objective on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and an average target price of $464.78.

Insider Buying and Selling at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated 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 directly owned 30,646 shares in the company, valued at $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,014,574.72. The trade was 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 currently owned by corporate insiders.

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.