NewCorp Financial Services Inc. Purchases New Position in MasTec, Inc. $MTZ

NewCorp Financial Services Inc. purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,345 shares of the construction company’s stock, valued at approximately $510,000.

Several other institutional investors also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec in the fourth quarter valued at approximately $30,000. Covestor Ltd increased its position in shares of MasTec by 102.6% in the fourth quarter. Covestor Ltd now owns 314 shares of the construction company’s stock valued at $68,000 after buying an additional 159 shares in the last quarter. CI Investments Inc. increased its position in shares of MasTec by 39.9% in the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after buying an additional 91 shares in the last quarter. Harbour Investments Inc. increased its position in shares of MasTec by 671.4% in the fourth quarter. Harbour Investments Inc. now owns 324 shares of the construction company’s stock valued at $70,000 after buying an additional 282 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on MTZ shares. 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. Guggenheim upgraded MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price objective for the company in a research report on Wednesday, May 13th. Wall Street Zen upgraded MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. The Goldman Sachs Group boosted their price objective on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, DA Davidson boosted their price objective on MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $459.28.

MasTec Stock Performance

NYSE MTZ opened at $378.91 on Monday. The stock’s fifty day moving average is $369.18 and its two-hundred day moving average is $286.87. The firm has a market capitalization of $29.94 billion, a P/E ratio of 66.36 and a beta of 1.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. MasTec, Inc. has a fifty-two week low of $152.43 and a fifty-two week high of $441.43.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts anticipate that MasTec, Inc. will post 8.51 earnings per share for the current year.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on 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 approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. This trade represents a 8.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 10,450 shares of company stock valued at $3,512,759. Insiders own 21.40% of the company’s stock.

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.