BI Asset Management Fondsmaeglerselskab A S Increases Stock Position in MasTec, Inc. $MTZ

BI Asset Management Fondsmaeglerselskab A S raised its stake in MasTec, Inc. (NYSE:MTZ) by 10.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,300 shares of the construction company’s stock after purchasing an additional 2,654 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in MasTec were worth $6,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in MasTec in the 4th quarter valued at $227,000. NewEdge Advisors LLC increased its stake in MasTec by 32.6% in the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after purchasing an additional 1,083 shares during the period. Sivia Capital Partners LLC acquired a new position in MasTec in the second quarter valued at $271,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of MasTec by 793.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after buying an additional 912 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was 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 in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,450 shares of company stock valued at $3,972,764. Corporate insiders own 21.40% of the company’s stock.

MasTec Price Performance

MasTec stock opened at $363.70 on Monday. The company has a market cap of $28.74 billion, a P/E ratio of 63.70 and a beta of 1.77. MasTec, Inc. has a one year low of $153.82 and a one year high of $441.43. The business has a fifty day moving average of $374.48 and a two-hundred day moving average of $292.95. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32.

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 analysts’ expectations of $3.47 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. 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, analysts predict that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings cut MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. CICC Research began coverage on MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, MasTec has a consensus rating of “Buy” and a consensus price target of $459.28.

About MasTec

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.