Fidelis Capital Partners LLC Buys 3,163 Shares of MasTec, Inc. $MTZ

Fidelis Capital Partners LLC grew its stake in MasTec, Inc. (NYSE:MTZ) by 36.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,952 shares of the construction company’s stock after acquiring an additional 3,163 shares during the period. Fidelis Capital Partners LLC’s holdings in MasTec were worth $2,598,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

MTZ has been the subject of several analyst reports. CICC Research initiated coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target for the company. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Truist Financial lifted their price target on shares of MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Mizuho lifted their price target on shares of MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Barclays lifted their price target on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and an average target price of $459.28.

Insider Activity at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, 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 90 days, insiders sold 10,450 shares of company stock worth $3,512,759. 21.40% of the stock is currently owned by company insiders.

MasTec Stock Down 0.7%

Shares of NYSE MTZ opened at $388.05 on Thursday. The stock has a market cap of $30.66 billion, a P/E ratio of 67.96 and a beta of 1.82. The firm has a 50 day moving average price of $366.07 and a 200 day moving average price of $284.33. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. MasTec, Inc. has a 52-week low of $152.43 and a 52-week high of $441.43.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 year.

About MasTec

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.