Himension Capital Singapore PTE. LTD. Makes New $775,000 Investment in MasTec, Inc. $MTZ

Himension Capital Singapore PTE. LTD. acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,410 shares of the construction company’s stock, valued at approximately $775,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MTZ. Victory Capital Management Inc. raised its holdings in shares of 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 during the last quarter. Peconic Partners LLC lifted its position in MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after purchasing an additional 850,000 shares during the period. First Trust Advisors LP boosted its holdings in MasTec by 28.3% in the fourth quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company’s stock valued at $285,066,000 after purchasing an additional 289,258 shares during the last quarter. Geode Capital Management LLC boosted its holdings in MasTec by 8.4% in the fourth 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. Finally, AQR Capital Management LLC grew its position in MasTec by 11.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock worth $181,961,000 after purchasing an additional 108,504 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MTZ shares. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. TD Cowen upped their target price on MasTec from $445.00 to $470.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Cantor Fitzgerald raised their target price on MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. CICC Research assumed coverage on MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective on the stock. Finally, Stifel Nicolaus set a $455.00 target price on shares of MasTec in a report on Monday, May 4th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $464.78.

Insiders Place Their Bets

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

MasTec Stock Performance

Shares of MTZ stock opened at $350.55 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 12-month low of $160.08 and a 12-month high of $441.43. The business’s 50 day moving average is $377.99 and its two-hundred day moving average is $328.55. The company has a market capitalization of $27.70 billion, a P/E ratio of 61.39 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business’s revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business 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. Analysts expect that MasTec, Inc. will post 9.18 EPS for the current fiscal 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.