MasTec, Inc. $MTZ Stake Raised by Atika Capital Management LLC

Atika Capital Management LLC increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 2.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,636 shares of the construction company’s stock after acquiring an additional 1,638 shares during the period. MasTec makes up about 2.3% of Atika Capital Management LLC’s portfolio, making the stock its 9th largest holding. Atika Capital Management LLC’s holdings in MasTec were worth $18,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Earned Wealth Advisors LLC boosted its position in MasTec by 2.8% during the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after purchasing an additional 28 shares in the last quarter. Aigen Investment Management LP increased its position in shares of MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after buying an additional 38 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of MasTec by 1.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after buying an additional 43 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in shares of MasTec by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after buying an additional 47 shares during the period. Finally, Williamson Legacy Group LLC raised its stake in shares of MasTec by 0.9% during the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insider Transactions at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the company’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 sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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 directly owned 10,816 shares in the company, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 21.40% of the company’s stock.

Analysts Set New Price Targets

MTZ has been the topic of a number of research analyst reports. Guggenheim lifted their price target on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup upped their price objective on shares of MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a report on Monday, May 4th. Barclays lifted their target price on shares of MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $466.89.

MasTec Trading Up 0.5%

MTZ opened at $359.30 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The company’s 50 day simple moving average is $375.13 and its two-hundred day simple moving average is $330.46. MasTec, Inc. has a 1-year low of $160.08 and a 1-year high of $441.43. The firm has a market capitalization of $28.39 billion, a price-to-earnings ratio of 62.92 and a beta of 1.77.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Analysts expect that MasTec, Inc. will post 9.18 EPS for the current fiscal year.

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.