MasTec, Inc. $MTZ Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH boosted its holdings in MasTec, Inc. (NYSE:MTZ) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,030 shares of the construction company’s stock after purchasing an additional 2,285 shares during the quarter. Erste Asset Management GmbH’s holdings in MasTec were worth $7,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. boosted its holdings in MasTec by 1.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after purchasing an additional 43 shares in the last quarter. Williamson Legacy Group LLC boosted its holdings in MasTec by 0.9% in the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after purchasing an additional 52 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in MasTec by 3.1% in the third quarter. Crestwood Advisors Group LLC now owns 1,738 shares of the construction company’s stock valued at $370,000 after purchasing an additional 53 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in MasTec by 0.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 14,882 shares of the construction company’s stock valued at $3,461,000 after purchasing an additional 54 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in MasTec by 1.4% in the third quarter. Integrated Wealth Concepts LLC now owns 4,081 shares of the construction company’s stock valued at $868,000 after purchasing an additional 55 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the sale, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,450 shares of company stock worth $3,972,764. 21.40% of the stock is owned by insiders.

MasTec Price Performance

Shares of NYSE MTZ opened at $361.82 on Tuesday. 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 twelve month low of $153.82 and a twelve month high of $441.43. The stock has a 50 day moving average of $375.59 and a two-hundred day moving average of $294.12. The stock has a market cap of $28.59 billion, a P/E ratio of 63.37 and a beta of 1.78.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MTZ shares. Robert W. Baird upped their price target on MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Wolfe Research reaffirmed an “outperform” rating and issued a $326.00 price target on shares of MasTec in a report on Monday, March 2nd. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. TD Cowen upped their price target on MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, KeyCorp upped their price target on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. One investment 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 stock. According to data from MarketBeat, MasTec has an average rating of “Buy” and an average target price 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.