Inceptionr LLC Has $807,000 Holdings in MasTec, Inc. $MTZ

Inceptionr LLC trimmed its position in shares of MasTec, Inc. (NYSE:MTZ) by 62.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,790 shares of the construction company’s stock after selling 6,279 shares during the quarter. Inceptionr LLC’s holdings in MasTec were worth $807,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MTZ. Versant Capital Management Inc boosted its holdings in shares of MasTec by 4.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock worth $232,000 after acquiring an additional 51 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in MasTec by 3.1% during the 3rd quarter. Crestwood Advisors Group LLC now owns 1,738 shares of the construction company’s stock valued at $370,000 after purchasing an additional 53 shares in the last quarter. Rothschild Investment LLC increased its holdings in MasTec by 22.5% during the 2nd quarter. Rothschild Investment LLC now owns 338 shares of the construction company’s stock valued at $58,000 after purchasing an additional 62 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in MasTec by 1.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 6,089 shares of the construction company’s stock valued at $1,296,000 after purchasing an additional 86 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in MasTec by 4.5% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,130 shares of the construction company’s stock worth $453,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MTZ. TD Cowen increased their target price on MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. Truist Financial increased their price objective on shares of MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Finally, Citigroup boosted their target price on shares of MasTec from $284.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.79.

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction 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 $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 21.30% of the company’s stock.

MasTec Stock Up 4.3%

NYSE:MTZ opened at $297.93 on Tuesday. The stock’s fifty day simple moving average is $255.16 and its 200-day simple moving average is $222.00. The firm has a market capitalization of $23.51 billion, a P/E ratio of 58.76 and a beta of 1.88. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $310.36.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.13. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Equities research analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current year.

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.