MasTec, Inc. $MTZ Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 178.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,637,451 shares of the construction company’s stock after buying an additional 1,690,896 shares during the period. Victory Capital Management Inc.’s holdings in MasTec were worth $573,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ieq Capital LLC lifted its stake in shares of MasTec by 3.6% during the fourth quarter. Ieq Capital LLC now owns 71,191 shares of the construction company’s stock worth $15,475,000 after buying an additional 2,483 shares during the period. Hel Ved Capital Management Ltd acquired a new position in MasTec during the fourth quarter valued at $5,266,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in MasTec by 3.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 318,398 shares of the construction company’s stock valued at $69,210,000 after purchasing an additional 9,841 shares during the period. Wells Fargo & Company MN lifted its position in MasTec by 5.4% during the fourth quarter. Wells Fargo & Company MN now owns 136,196 shares of the construction company’s stock valued at $29,605,000 after purchasing an additional 6,931 shares during the period. Finally, HITE Hedge Asset Management LLC acquired a new position in MasTec during the fourth quarter valued at $3,448,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MTZ shares. Citigroup boosted their target price on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group boosted their target price on shares of MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research report on Monday, May 4th. B. Riley Financial restated a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Cantor Fitzgerald boosted their target price on shares of MasTec from $347.00 to $545.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, MasTec currently has an average rating of “Buy” and an average price target of $459.28.

MasTec Stock Up 1.2%

MTZ opened at $362.63 on Friday. MasTec, Inc. has a fifty-two week low of $159.77 and a fifty-two week high of $441.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The company has a fifty day moving average of $378.24 and a two-hundred day moving average of $297.85. The stock has a market capitalization of $28.66 billion, a price-to-earnings ratio of 63.51 and a beta of 1.77.

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, beating analysts’ consensus estimates of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts expect that MasTec, Inc. will post 8.51 earnings per share for the current year.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 10,450 shares of company stock valued at $3,972,764. Corporate insiders own 21.40% of the company’s stock.

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.