Erste Asset Management GmbH Raises Stock Holdings in MasTec, Inc. $MTZ

Erste Asset Management GmbH boosted its stake in MasTec, Inc. (NYSE:MTZ) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,030 shares of the construction company’s stock after buying an additional 2,285 shares during the period. Erste Asset Management GmbH’s holdings in MasTec were worth $7,358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTZ. Brighton Jones LLC purchased a new stake in MasTec in the 4th quarter valued at about $227,000. NewEdge Advisors LLC raised its holdings in MasTec by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after buying an additional 1,083 shares during the period. Sivia Capital Partners LLC purchased a new stake in MasTec in the 2nd quarter valued at about $271,000. Northwestern Mutual Wealth Management Co. raised its holdings in MasTec by 105.2% in the 2nd 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 period. Finally, EverSource Wealth Advisors LLC raised its holdings in MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after buying an additional 912 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was 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 directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 10,450 shares of company stock valued at $3,972,764. 21.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MTZ. Weiss Ratings downgraded MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a research report on Monday, May 4th. TD Cowen lifted their target price on MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, May 4th. 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 report on Monday, May 4th. Finally, Guggenheim raised MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price for the company in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, MasTec has a consensus rating of “Buy” and a consensus price target of $459.28.

MasTec Stock Performance

NYSE MTZ opened at $361.82 on Tuesday. The company has a market cap of $28.59 billion, a P/E ratio of 63.37 and a beta of 1.78. 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 stock has a 50-day moving average of $375.59 and a two-hundred day moving average of $294.12. MasTec, Inc. has a 1-year low of $153.82 and a 1-year high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the company posted $0.51 earnings per share. 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 anticipate that MasTec, Inc. will post 8.51 EPS for the current year.

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.