MasTec, Inc. $MTZ Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 235.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,051 shares of the construction company’s stock after acquiring an additional 25,288 shares during the period. Cibc World Market Inc.’s holdings in MasTec were worth $7,836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bowen Hanes & Co. Inc. acquired a new stake in shares of MasTec during the 4th quarter valued at $42,483,000. Bank of New York Mellon Corp lifted its position in shares of MasTec by 9.3% during the 4th quarter. Bank of New York Mellon Corp now owns 636,359 shares of the construction company’s stock valued at $138,325,000 after acquiring an additional 53,962 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of MasTec by 8.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 350,654 shares of the construction company’s stock valued at $76,222,000 after acquiring an additional 26,378 shares during the last quarter. Fielder Capital Group LLC lifted its position in shares of MasTec by 11.0% during the 4th quarter. Fielder Capital Group LLC now owns 2,193 shares of the construction company’s stock valued at $477,000 after acquiring an additional 217 shares during the last quarter. Finally, Arcadia Investment Management Corp MI lifted its position in shares of MasTec by 391.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 6,349 shares of the construction company’s stock valued at $1,380,000 after acquiring an additional 5,057 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Trading Down 2.9%

NYSE MTZ opened at $363.70 on Friday. MasTec, Inc. has a 1-year low of $153.82 and a 1-year high of $441.43. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $28.74 billion, a PE ratio of 63.70 and a beta of 1.77. The firm’s fifty day simple moving average is $374.48 and its 200-day simple moving average is $292.25.

MasTec (NYSE:MTZ) last posted its quarterly 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. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business posted $0.51 earnings per share. MasTec’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. As a group, sell-side analysts anticipate that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Barclays increased their price objective on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Jefferies Financial Group restated a “buy” rating and issued a $493.00 target price on shares of MasTec in a report on Monday, May 4th. Roth Mkm restated a “buy” rating and issued a $450.00 target price on shares of MasTec in a report on Monday, May 4th. Finally, UBS Group increased their target price on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $459.28.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction on 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 transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s 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 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. Over the last ninety days, insiders have sold 10,450 shares of company stock valued at $3,972,764. 21.40% of the stock is owned by 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.