Zurcher Kantonalbank Zurich Cantonalbank Cuts Position in MasTec, Inc. $MTZ

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in MasTec, Inc. (NYSE:MTZ) by 30.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,056 shares of the construction company’s stock after selling 34,953 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MasTec were worth $17,402,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC grew its holdings in MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after purchasing an additional 93 shares during the period. Root Financial Partners LLC purchased a new stake in MasTec in the third quarter worth about $49,000. CI Investments Inc. grew its holdings in MasTec by 39.9% in the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after purchasing an additional 91 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in MasTec by 46.4% in the third quarter. Farther Finance Advisors LLC now owns 404 shares of the construction company’s stock worth $86,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MTZ. Wolfe Research restated an “outperform” rating and issued a $326.00 price objective on shares of MasTec in a report on Monday, March 2nd. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Barclays increased their price target on shares of MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Cantor Fitzgerald increased their price target on shares of MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, Stifel Nicolaus increased their price target on shares of MasTec from $335.00 to $401.00 and gave the company a “buy” rating in a report on Friday, April 17th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $329.17.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the transaction, the director owned 17,235 shares in the company, valued at $5,177,394. This represents a 27.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, 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. The disclosure for this sale is available in the SEC filing. 21.30% of the stock is owned by corporate insiders.

MasTec Trading Up 1.3%

NYSE:MTZ opened at $376.12 on Thursday. The company’s 50 day moving average price is $314.71 and its 200-day moving average price is $252.81. MasTec, Inc. has a 52 week low of $117.50 and a 52 week high of $383.00. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The stock has a market cap of $29.65 billion, a price-to-earnings ratio of 74.18 and a beta of 1.80.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. On average, equities research analysts forecast that MasTec, Inc. will post 8.2 earnings per share for the current fiscal 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.