Campbell Newman Asset Management Inc. Decreases Holdings in MasTec, Inc. $MTZ

Campbell Newman Asset Management Inc. reduced its stake in MasTec, Inc. (NYSE:MTZ) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,156 shares of the construction company’s stock after selling 3,967 shares during the period. Campbell Newman Asset Management Inc.’s holdings in MasTec were worth $5,842,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after purchasing an additional 1,690,896 shares in the last quarter. Peconic Partners LLC lifted its position in MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after acquiring an additional 850,000 shares in the last quarter. First Trust Advisors LP boosted its holdings in MasTec by 28.3% in the 4th quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company’s stock worth $285,066,000 after acquiring an additional 289,258 shares during the period. Geode Capital Management LLC boosted its holdings in MasTec by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock worth $265,395,000 after acquiring an additional 94,344 shares during the period. Finally, AQR Capital Management LLC grew its position in MasTec by 11.3% in the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after acquiring an additional 108,504 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of MasTec from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 8th. TD Cowen lifted their price objective on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Stifel Nicolaus set a $455.00 target price on MasTec in a research report on Monday, May 4th. Robert W. Baird increased their target price on MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Cantor Fitzgerald raised their price target on shares of MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $459.28.

Insider Transactions at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated 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 directly owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 10,450 shares of company stock worth $3,972,764. 21.40% of the stock is currently owned by insiders.

MasTec Trading Up 0.2%

NYSE:MTZ opened at $380.34 on Monday. The company has a market cap of $30.05 billion, a PE ratio of 66.61 and a beta of 1.78. The business’s 50 day moving average is $381.86 and its two-hundred day moving average is $304.33. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 52 week low of $160.08 and a 52 week high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.47 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue 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. On average, analysts predict that MasTec, Inc. will post 8.51 EPS for the current 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.