Ethic Inc. Acquires New Position in MasTec, Inc. $MTZ

Ethic Inc. bought a new position in MasTec, Inc. (NYSE:MTZ) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,234 shares of the construction company’s stock, valued at approximately $1,138,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in MasTec by 14.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock worth $3,531,000 after buying an additional 2,158 shares in the last quarter. Marco Investment Management LLC lifted its position in shares of MasTec by 28.2% in the third quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock valued at $6,726,000 after acquiring an additional 6,955 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake 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 worth $15,325,000 after acquiring an additional 23,500 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of MasTec in the third quarter worth about $1,870,000. Finally, Stephens Inc. AR grew its position in shares of MasTec by 583.4% during the third quarter. Stephens Inc. AR now owns 25,074 shares of the construction company’s stock worth $5,336,000 after purchasing an additional 21,405 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of MasTec stock opened at $424.10 on Thursday. The stock has a 50 day moving average of $346.84 and a 200 day moving average of $271.19. MasTec, Inc. has a 12 month low of $145.46 and a 12 month high of $441.43. The firm has a market cap of $33.51 billion, a PE ratio of 74.27 and a beta of 1.82. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last released its quarterly earnings data 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. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, research analysts expect that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction 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 in the company, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director directly owned 17,235 shares of the company’s stock, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 10,450 shares of company stock worth $3,512,759. Insiders own 21.40% of the company’s stock.

Key Stories Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Guggenheim upgraded MasTec from neutral to buy and set a $480 price target, citing an expected multi-year growth runway. MasTec upgraded at Guggenheim on expected multi-year growth runway
• Positive Sentiment: KeyCorp raised its price target to $500 and reiterated an overweight rating, signaling confidence in further upside after recent share gains. MasTec target raised by KeyCorp
• Positive Sentiment: JPMorgan also lifted its price target to $491 and kept an overweight rating, adding to the bullish analyst momentum around MTZ. MasTec target raised by JPMorgan
• Positive Sentiment: MasTec’s recent quarter showed strong demand across communications, clean energy, power delivery and pipeline infrastructure, with revenue and earnings both beating expectations and backlog rising sharply. Should You Buy, Hold or Sell MasTec Stock After Solid Q1 Results?
• Positive Sentiment: The company’s Investor Day may highlight multi-year financial targets and growth drivers, which could reinforce the bullish case if management sounds upbeat. MasTec to Host Investor Day in New York City Today at 8:45 AM ET
• Neutral Sentiment: Additional commentary from industry-focused articles reiterated MasTec’s role in grid modernization and AI data center infrastructure, but these were more thematic than company-specific catalysts. MasTec: A Great Infrastructure Story, With An Expensive Entry Price
• Neutral Sentiment: Another article flagged MasTec’s valuation as expensive, suggesting some investors may be cautious even as the growth outlook improves. MasTec: High Possibility Of Margin Compression

Analyst Ratings Changes

Several brokerages recently issued reports on MTZ. Citigroup lifted their target price on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Barclays upped their price target on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Mizuho lifted their price objective on shares of MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Guggenheim raised shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price on the stock in a report on Wednesday. Finally, Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $458.06.

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.