Allspring Global Investments Holdings LLC Has $11.08 Million Holdings in MasTec, Inc. $MTZ

Allspring Global Investments Holdings LLC lessened its position in MasTec, Inc. (NYSE:MTZ) by 36.0% during the 1st quarter, Holdings Channel reports. The firm owned 33,203 shares of the construction company’s stock after selling 18,672 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in MasTec were worth $11,083,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Gables Capital Management Inc. lifted its holdings in MasTec by 30.3% during the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after buying an additional 4,900 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of 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 valued at $15,325,000 after acquiring an additional 23,500 shares during the period. Swedbank AB boosted its holdings in MasTec by 5.2% in the fourth quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after acquiring an additional 3,200 shares during the last quarter. Exchange Traded Concepts LLC boosted 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 acquiring an additional 7,937 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in MasTec by 4,223.4% during the 4th 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. Institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated 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 directly owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the firm’s 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 transaction, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. The trade was 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 company insiders.

MasTec Trading Up 1.6%

Shares of NYSE:MTZ opened at $357.14 on Thursday. The firm has a market cap of $28.22 billion, a price-to-earnings ratio of 62.55 and a beta of 1.77. MasTec, Inc. has a 12 month low of $160.08 and a 12 month high of $441.43. The company’s fifty day simple moving average is $376.65 and its 200 day simple moving average is $329.53. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last announced its earnings results 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 firm had revenue of $3.83 billion during the quarter, compared to analyst estimates 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 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. As a group, research analysts forecast that MasTec, Inc. will post 9.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays increased their target price on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Guggenheim upped their price target on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup increased their price target on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group lifted their price objective on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, TD Cowen boosted their price objective on shares of MasTec from $445.00 to $470.00 and gave the company a “buy” rating in a report on Monday, July 13th. 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, MasTec presently has a consensus rating of “Moderate Buy” and a consensus price target of $466.89.

MasTec Company 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.