Bank of New York Mellon Corp Acquires 19,745 Shares of MasTec, Inc. $MTZ

Bank of New York Mellon Corp lifted its stake in MasTec, Inc. (NYSE:MTZ) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 656,104 shares of the construction company’s stock after acquiring an additional 19,745 shares during the period. Bank of New York Mellon Corp’s holdings in MasTec were worth $211,095,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of brokerages have commented on MTZ. Jefferies Financial Group restated a “buy” rating and set a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. Zacks Research cut MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Barclays increased their target price on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Truist Financial upped their price objective on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, Citigroup increased their price target on MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $464.78.

Insiders Place Their Bets

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 21.40% of the company’s stock.

MasTec Trading Down 3.3%

MTZ opened at $329.68 on Friday. The firm’s fifty day moving average is $381.05 and its two-hundred day moving average is $326.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a market cap of $26.05 billion, a PE ratio of 57.74 and a beta of 1.77. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion during 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%.MasTec’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the prior year, the business 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 research analysts anticipate that MasTec, Inc. will post 9.18 EPS for the current year.

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.