Swiss National Bank Boosts Holdings in MasTec, Inc. $MTZ

Swiss National Bank grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,000 shares of the construction company’s stock after purchasing an additional 1,500 shares during the period. Swiss National Bank’s holdings in MasTec were worth $40,539,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MTZ. Brighton Jones LLC purchased a new stake in MasTec in the fourth quarter worth about $227,000. NewEdge Advisors LLC grew its holdings in shares of MasTec by 32.6% during the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after acquiring an additional 1,083 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of MasTec during the 2nd quarter worth approximately $271,000. Northwestern Mutual Wealth Management Co. raised 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 worth $61,000 after acquiring an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 912 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

MTZ stock opened at $357.14 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a 50 day moving average price of $376.65 and a 200-day moving average price of $329.53. MasTec, Inc. has a 52-week low of $160.08 and a 52-week high of $441.43. The firm has a market capitalization of $28.22 billion, a price-to-earnings ratio of 62.55 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities research analysts forecast that MasTec, Inc. will post 9.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on MTZ. Citigroup lifted their price target on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating and set a $493.00 price objective on shares of MasTec in a research report on Monday, May 4th. Barclays raised their price objective on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Finally, 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 report on Friday, May 1st. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $466.89.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated 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 completion of the transaction, the director directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.40% of the company’s stock.

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.