Clearwave Capital LLC Takes $492,000 Position in MasTec, Inc. $MTZ

Clearwave Capital LLC bought a new stake in MasTec, Inc. (NYSE:MTZ) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,265 shares of the construction company’s stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTZ. Gables Capital Management Inc. increased its holdings in shares of MasTec by 30.3% during the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after buying an additional 4,900 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in shares of MasTec by 50.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock valued at $15,325,000 after purchasing an additional 23,500 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in MasTec by 35.1% in the fourth quarter. Ritholtz Wealth Management now owns 11,349 shares of the construction company’s stock valued at $2,467,000 after acquiring an additional 2,948 shares during the last quarter. Union Bancaire Privee UBP SA boosted its stake in MasTec by 192.1% in the fourth quarter. Union Bancaire Privee UBP SA now owns 14,046 shares of the construction company’s stock valued at $3,053,000 after acquiring an additional 9,238 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in MasTec by 14.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 63,425 shares of the construction company’s stock worth $13,787,000 after acquiring an additional 7,937 shares during the period. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of MTZ stock opened at $380.34 on Friday. MasTec, Inc. has a 52 week low of $160.08 and a 52 week high of $441.43. The company has a 50-day simple moving average of $381.86 and a 200 day simple moving average of $303.68. 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 company has a market capitalization of $30.05 billion, a price-to-earnings ratio of 66.61 and a beta of 1.77.

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, topping analysts’ consensus estimates of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s 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. On average, sell-side analysts predict that MasTec, Inc. will post 8.51 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction 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 of the company’s stock, valued at $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,450 shares of company stock worth $3,972,764 in the last three months. 21.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on MTZ. Citigroup upped their price target on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Barclays lifted their target price on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Roth Mkm reissued a “buy” rating and issued a $450.00 target price on shares of MasTec in a research note on Monday, May 4th. TD Cowen increased their price target on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, KeyCorp increased their price objective on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $459.28.

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.