Cibc World Market Inc. Has $7.84 Million Stake in MasTec, Inc. $MTZ

Cibc World Market Inc. boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 235.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,051 shares of the construction company’s stock after buying an additional 25,288 shares during the quarter. Cibc World Market Inc.’s holdings in MasTec were worth $7,836,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec during the fourth quarter worth $30,000. Covestor Ltd increased its position in MasTec by 102.6% during the fourth quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after buying an additional 159 shares during the last quarter. CI Investments Inc. increased its position in MasTec by 39.9% during the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after buying an additional 91 shares during the last quarter. Harbour Investments Inc. increased its position in MasTec by 671.4% during the fourth quarter. Harbour Investments Inc. now owns 324 shares of the construction company’s stock worth $70,000 after buying an additional 282 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in MasTec by 105.2% during 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. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Stock Down 2.9%

MTZ stock opened at $363.70 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. MasTec, Inc. has a 52-week low of $153.82 and a 52-week high of $441.43. The company has a 50-day moving average of $374.48 and a two-hundred day moving average of $292.25. The stock has a market capitalization of $28.74 billion, a price-to-earnings ratio of 63.70 and a beta of 1.77.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s 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. As a group, equities research analysts anticipate that MasTec, Inc. will post 8.51 EPS for the current year.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated 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 completion of the sale, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the sale, the director 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 10,450 shares of company stock worth $3,972,764. Company insiders own 21.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group increased their target price on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. KeyCorp upped their price target on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. CICC Research assumed coverage on shares of MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target for the company. Finally, Mizuho upped their price target on shares of MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $459.28.

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.