Mitsubishi UFJ Asset Management UK Ltd. Acquires New Shares in MasTec, Inc. $MTZ

Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in MasTec, Inc. (NYSE:MTZ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,000 shares of the construction company’s stock, valued at approximately $1,304,000.

A number of other large investors have also made changes to their positions in MTZ. Brighton Jones LLC bought a new stake in shares of MasTec in the 4th quarter valued at $227,000. NewEdge Advisors LLC increased its position in shares of 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 in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MasTec in the 2nd quarter valued at $271,000. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after purchasing an additional 912 shares during the period. Institutional investors own 78.10% of the company’s stock.

Insider Transactions at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director directly owned 17,235 shares in the company, valued at $5,177,394. This represents a 27.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,450 shares of company stock worth $3,512,759 in the last three months. Insiders own 21.40% of the company’s stock.

MasTec Trading Up 0.0%

MasTec stock opened at $385.60 on Wednesday. The firm has a 50-day moving average of $355.54 and a 200-day moving average of $276.56. MasTec, Inc. has a one year low of $145.46 and a one year high of $441.43. 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 company has a market cap of $30.47 billion, a price-to-earnings ratio of 67.53 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted 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 net margin of 2.94% and a return on equity of 17.15%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business posted $0.51 EPS. The company’s quarterly revenue 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. On average, equities analysts expect that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on MTZ. Truist Financial upped their target price on shares of MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. KeyCorp upped their target price on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Robert W. Baird upped their target price on shares of MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. UBS Group upped their target price on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Barclays upped their target price on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Eighteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $458.06.

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.