Arrowstreet Capital Limited Partnership Purchases 73,615 Shares of MasTec, Inc. $MTZ

Arrowstreet Capital Limited Partnership lifted its position in MasTec, Inc. (NYSE:MTZ) by 47.9% in the first quarter, HoldingsChannel.com reports. The firm owned 227,284 shares of the construction company’s stock after purchasing an additional 73,615 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in MasTec were worth $73,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of MasTec during the 4th quarter valued at $30,000. Ascentis Independent Advisors purchased a new stake in MasTec in the 1st quarter worth $30,000. CIBC Private Wealth Group LLC increased its stake in MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after acquiring an additional 182 shares during the period. Finally, GHP Investment Advisors Inc. bought a new stake in MasTec during the first quarter valued at about $65,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Price Performance

Shares of MasTec stock opened at $337.55 on Monday. The firm has a market cap of $26.67 billion, a PE ratio of 59.12 and a beta of 1.77. The stock has a 50 day moving average of $373.59 and a 200 day moving average of $331.20. 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, Inc. has a 12 month low of $160.08 and a 12 month high of $441.43.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 17.15% and a net margin of 2.94%.The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, research analysts expect that MasTec, Inc. will post 9.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Monday, May 4th. The shares were 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 $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 Securities & Exchange Commission, which is available through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on 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 completion of the transaction, the director directly owned 10,816 shares of the company’s stock, 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their price objective on MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. The Goldman Sachs Group lifted their target price on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research note on Monday, May 4th. B. Riley Financial restated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Guggenheim increased their price objective on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday. Finally, TD Cowen lifted their price objective on shares of MasTec from $445.00 to $470.00 and gave the company a “buy” rating in a research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $466.89.

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.