IFP Advisors Inc Acquires 10,863 Shares of MasTec, Inc. $MTZ

IFP Advisors Inc grew its holdings in MasTec, Inc. (NYSE:MTZ) by 6,172.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,039 shares of the construction company’s stock after purchasing an additional 10,863 shares during the period. IFP Advisors Inc’s holdings in MasTec were worth $2,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MasTec in the 4th quarter worth $30,000. Root Financial Partners LLC bought a new stake in shares of MasTec in the 3rd quarter worth $49,000. Covestor Ltd increased its holdings in shares of MasTec by 102.6% in the 4th quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after purchasing an additional 159 shares in the last quarter. CI Investments Inc. increased its holdings in shares of MasTec by 39.9% in the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after purchasing an additional 91 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings 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 worth $61,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MTZ. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Mizuho raised their price target on MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. CICC Research assumed coverage on MasTec in a research note on Thursday. They issued an “outperform” rating and a $480.00 price target on the stock. Cantor Fitzgerald raised their price target on MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, TD Cowen raised their price target on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and an average target price of $459.28.

MasTec Stock Performance

MTZ stock opened at $382.24 on Friday. The company has a market cap of $30.20 billion, a P/E ratio of 66.94 and a beta of 1.82. MasTec, Inc. has a 1 year low of $148.60 and a 1 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 stock’s fifty day moving average price is $360.61 and its 200-day moving average price is $279.78.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. 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 forecast that MasTec, Inc. will post 8.51 earnings per share for the current year.

Insider Activity at MasTec

In related news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction on 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 directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec 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 owned 30,646 shares in the company, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 10,450 shares of company stock worth $3,512,759. Corporate insiders own 21.40% of the company’s stock.

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.