Gilpin Wealth Management LLC Invests $467,000 in MasTec, Inc. $MTZ

Gilpin Wealth Management LLC acquired a new position in MasTec, Inc. (NYSE:MTZ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,150 shares of the construction company’s stock, valued at approximately $467,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of MasTec by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after purchasing an additional 34,899 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MasTec by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock worth $265,395,000 after purchasing an additional 94,344 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of MasTec by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock worth $181,961,000 after purchasing an additional 108,504 shares in the last quarter. First Trust Advisors LP increased its stake in shares of MasTec by 52.1% in the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after purchasing an additional 350,228 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of MasTec by 9,550.8% in the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock worth $201,295,000 after purchasing an additional 936,747 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Stock Down 5.1%

Shares of NYSE MTZ opened at $335.17 on Thursday. The firm’s 50-day moving average price is $376.92 and its 200-day moving average price is $296.23. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $26.48 billion, a price-to-earnings ratio of 58.70 and a beta of 1.77. MasTec, Inc. has a 12-month low of $157.58 and a 12-month high of $441.43.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.41. The firm had revenue of $3.83 billion for 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 was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. 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, equities research analysts anticipate that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on MTZ shares. Citigroup upped their target price on shares of MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 target price on shares of MasTec in a report on Monday, May 4th. Truist Financial upped their target price on shares of MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a report on Monday, May 4th. The Goldman Sachs Group upped their target price on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, KeyCorp upped their target price on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $459.28.

Insider Activity

In other news, Director Javier Alberto Palomarez sold 950 shares of the company’s 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 sale, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 30,646 shares in the company, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 10,450 shares of company stock worth $3,972,764. 21.40% of the stock is currently owned by corporate insiders.

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.