GS Investments Inc. Trims Stock Position in MasTec, Inc. $MTZ

GS Investments Inc. decreased its stake in MasTec, Inc. (NYSE:MTZ) by 9.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,028 shares of the construction company’s stock after selling 2,028 shares during the quarter. MasTec makes up approximately 2.2% of GS Investments Inc.’s investment portfolio, making the stock its 12th largest position. GS Investments Inc.’s holdings in MasTec were worth $4,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MTZ. Brighton Jones LLC purchased a new stake in shares of MasTec in the fourth quarter worth about $227,000. NewEdge Advisors LLC boosted its stake in shares of MasTec by 32.6% in the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after buying an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of MasTec in the second quarter worth about $271,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $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% in 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 last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director owned 10,592 shares in the company, valued at $3,446,954.56. This represents a 8.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 10,450 shares of company stock worth $3,512,759. 21.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group restated a “buy” rating and issued a $493.00 target price on shares of MasTec in a research note on Monday, May 4th. Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Cantor Fitzgerald upped their target price on MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. KeyCorp upped their target price on MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Wolfe Research restated an “outperform” rating and issued a $326.00 target price on shares of MasTec in a research note on Monday, March 2nd. Nineteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $459.28.

MasTec Stock Performance

Shares of MTZ stock opened at $389.95 on Wednesday. The company has a market capitalization of $30.81 billion, a P/E ratio of 68.29 and a beta of 1.82. The business’s 50 day moving average is $364.32 and its two-hundred day moving average is $282.99. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 12-month low of $152.43 and a 12-month high of $441.43.

MasTec (NYSE:MTZ) last issued 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 company 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%.MasTec’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Analysts expect that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

MasTec 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.