Wedge Capital Management L L P NC Reduces Position in MasTec, Inc. $MTZ

Wedge Capital Management L L P NC decreased its holdings in MasTec, Inc. (NYSE:MTZ) by 11.1% during the 4th quarter, HoldingsChannel reports. The fund owned 38,155 shares of the construction company’s stock after selling 4,748 shares during the quarter. Wedge Capital Management L L P NC’s holdings in MasTec were worth $8,294,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc raised its position 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 valued at $232,000 after purchasing an additional 51 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of 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 buying an additional 53 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of MasTec by 0.4% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 14,882 shares of the construction company’s stock worth $3,461,000 after buying an additional 54 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of MasTec by 1.4% in the third quarter. Integrated Wealth Concepts LLC now owns 4,081 shares of the construction company’s stock worth $868,000 after buying an additional 55 shares during the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of MasTec by 20.1% in the third quarter. Rothschild Investment LLC now owns 406 shares of the construction company’s stock worth $86,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Up 3.2%

NYSE:MTZ opened at $316.66 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $277.40 and a 200-day moving average of $234.12. The firm has a market capitalization of $24.98 billion, a PE ratio of 62.46 and a beta of 1.89. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $328.69.

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

Analyst Upgrades and Downgrades

MTZ has been the topic of a number of research analyst reports. Robert W. Baird increased their price objective on shares of MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Barclays boosted their target price on shares of MasTec from $240.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. TD Cowen upped their target price on shares of MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Jefferies Financial Group increased their price target on shares of MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Finally, Citigroup lifted their price target on MasTec from $284.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $295.72.

Insider Transactions at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the business’s 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 directly owned 10,592 shares of the company’s stock, valued at $3,446,954.56. The trade was a 8.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated 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 owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their position. The SEC filing for this sale provides additional information. 21.30% of the stock is owned by company insiders.

MasTec Company 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.