NewCorp Financial Services Inc. Takes Position in MasTec, Inc. $MTZ

NewCorp Financial Services Inc. purchased a new stake in MasTec, Inc. (NYSE:MTZ) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,345 shares of the construction company’s stock, valued at approximately $510,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of MasTec by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock valued at $1,278,391,000 after purchasing an additional 34,899 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of MasTec by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock valued at $265,395,000 after purchasing an additional 94,344 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of MasTec by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after purchasing an additional 108,504 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of MasTec by 52.1% in the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after purchasing an additional 350,228 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of MasTec by 9,550.8% in the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after purchasing an additional 936,747 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Price Performance

MTZ opened at $378.91 on Monday. The stock’s 50-day moving average price is $369.18 and its 200 day moving average price is $286.87. MasTec, Inc. has a 12-month low of $152.43 and a 12-month high of $441.43. 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 firm has a market cap of $29.94 billion, a price-to-earnings ratio of 66.36 and a beta of 1.78.

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 return on equity of 17.15% and a net margin of 2.94%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the company earned $0.51 EPS. MasTec’s revenue was up 34.5% on a year-over-year basis. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, sell-side analysts expect that MasTec, Inc. will post 8.51 earnings per share for the current year.

Insiders Place Their Bets

In other MasTec news, 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 sale, the director owned 17,235 shares in the company, valued at $5,177,394. This represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the sale, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,450 shares of company stock worth $3,512,759 in the last quarter. 21.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Robert W. Baird upped their price target on MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their price target on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Truist Financial increased their target price on MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Zacks Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $459.28.

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.