MasTec, Inc. $MTZ Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 3,537.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,296 shares of the construction company’s stock after acquiring an additional 25,573 shares during the quarter. Fifth Third Bancorp’s holdings in MasTec were worth $8,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after purchasing an additional 1,690,896 shares in the last quarter. Peconic Partners LLC raised its holdings in shares of MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after buying an additional 850,000 shares during the period. Coatue Management LLC purchased a new stake in shares of MasTec in the 4th quarter valued at $147,357,000. Merewether Investment Management LP lifted its stake in MasTec by 59.8% during the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after acquiring an additional 324,500 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in MasTec by 71.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock worth $155,965,000 after acquiring an additional 304,358 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of MasTec from $518.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Robert W. Baird increased their target price on shares of MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Guggenheim raised shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price target for the company in a research report on Wednesday, May 13th. KeyCorp boosted their price target on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Roth Capital reaffirmed a “buy” rating and set a $450.00 price objective on shares of MasTec in a research report on Monday, May 4th. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $464.78.

Insiders Place Their Bets

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director directly owned 30,646 shares of the company’s stock, valued at $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director 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. The SEC filing for this sale provides additional information. 21.40% of the stock is currently owned by corporate insiders.

MasTec Price Performance

Shares of MTZ opened at $357.36 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. MasTec, Inc. has a 1-year low of $160.08 and a 1-year high of $441.43. The stock has a market cap of $28.24 billion, a PE ratio of 62.59 and a beta of 1.77. The firm has a fifty day moving average price of $384.17 and a 200 day moving average price of $325.22.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, sell-side analysts anticipate that MasTec, Inc. will post 8.65 EPS for the current year.

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.