Harvest Fund Management Co. Ltd Has $786,000 Stake in MasTec, Inc. $MTZ

Harvest Fund Management Co. Ltd raised its position in MasTec, Inc. (NYSE:MTZ) by 128.9% during the fourth quarter, Holdings Channel reports. The firm owned 3,615 shares of the construction company’s stock after purchasing an additional 2,036 shares during the period. Harvest Fund Management Co. Ltd’s holdings in MasTec were worth $786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vise Technologies Inc. acquired a new position in shares of MasTec in the 4th quarter worth approximately $254,000. State of Wyoming lifted its position in shares of MasTec by 313.5% in the 4th quarter. State of Wyoming now owns 1,253 shares of the construction company’s stock worth $272,000 after purchasing an additional 950 shares during the period. Cibc World Market Inc. lifted its position in shares of MasTec by 235.0% in the 4th quarter. Cibc World Market Inc. now owns 36,051 shares of the construction company’s stock worth $7,836,000 after purchasing an additional 25,288 shares during the period. Bowen Hanes & Co. Inc. acquired a new position in shares of MasTec in the 4th quarter worth approximately $42,483,000. Finally, Bank of New York Mellon Corp lifted its position in shares of MasTec by 9.3% in the 4th quarter. Bank of New York Mellon Corp now owns 636,359 shares of the construction company’s stock worth $138,325,000 after purchasing an additional 53,962 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Performance

MTZ opened at $363.70 on Friday. 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 company’s fifty day moving average price is $374.48 and its two-hundred day moving average price is $292.25. MasTec, Inc. has a 1-year low of $153.82 and a 1-year high of $441.43. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 63.70 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during 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, analysts expect that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MTZ. CICC Research began coverage on shares of MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target on the stock. Truist Financial boosted their target price on shares of MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Robert W. Baird boosted their target price 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. Guggenheim upgraded shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price on the stock in a research report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $455.00 target price on shares of MasTec in a research report on Monday, May 4th. 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 company. According to MarketBeat.com, MasTec presently has an average rating of “Buy” and a consensus price target of $459.28.

Insider Activity at MasTec

In related news, Director Javier Alberto Palomarez sold 950 shares of the 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 completion of the transaction, the director owned 10,592 shares in the company, valued at approximately $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 can be accessed through this link. 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 transaction, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This 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 $3,972,764. 21.40% of the stock is owned by company 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.