Versor Investments LP Acquires 1,346 Shares of MasTec, Inc. $MTZ

Versor Investments LP grew its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 50.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,013 shares of the construction company’s stock after purchasing an additional 1,346 shares during the quarter. Versor Investments LP’s holdings in MasTec were worth $872,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTZ. Victory Capital Management Inc. boosted its position in shares of MasTec by 9,550.8% in the third quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after acquiring an additional 936,747 shares during the period. 140 Summer Partners LP bought a new position in shares of MasTec in the third quarter valued at approximately $81,514,000. First Trust Advisors LP boosted its position in shares of MasTec by 52.1% in the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after acquiring an additional 350,228 shares during the period. Merewether Investment Management LP boosted its position in shares of MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after acquiring an additional 324,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of MasTec by 71.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after acquiring an additional 304,358 shares during the period. 78.10% of the stock is currently owned by institutional investors.

MasTec Trading Down 0.3%

Shares of MTZ opened at $420.26 on Wednesday. The firm’s 50 day simple moving average is $344.47 and its 200 day simple moving average is $269.65. The company has a market capitalization of $33.21 billion, a P/E ratio of 73.60 and a beta of 1.82. 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 1-year low of $145.46 and a 1-year high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.98 by $0.41. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $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. Sell-side analysts forecast that MasTec, Inc. will post 8.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 10,450 shares of company stock valued at $3,512,759. 21.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MTZ shares. Robert W. Baird raised their price objective on shares of MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group restated a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research report on Monday, May 4th. The Goldman Sachs Group raised their price objective on shares of MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $326.00 target price on shares of MasTec in a research note on Monday, March 2nd. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $433.94.

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.