Swedbank AB Acquires 3,200 Shares of MasTec, Inc. $MTZ

Swedbank AB increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,300 shares of the construction company’s stock after purchasing an additional 3,200 shares during the period. Swedbank AB’s holdings in MasTec were worth $13,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stratos Wealth Partners LTD. increased its holdings in MasTec by 1.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after buying an additional 43 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in MasTec by 3.1% in the third quarter. Crestwood Advisors Group LLC now owns 1,738 shares of the construction company’s stock valued at $370,000 after buying an additional 53 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in MasTec by 0.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 14,882 shares of the construction company’s stock valued at $3,461,000 after buying an additional 54 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in MasTec by 1.4% in the third quarter. Integrated Wealth Concepts LLC now owns 4,081 shares of the construction company’s stock valued at $868,000 after buying an additional 55 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in MasTec by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 13,723 shares of the construction company’s stock valued at $2,983,000 after buying an additional 58 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTZ has been the subject of a number of recent analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a report on Monday, May 4th. TD Cowen lifted their price objective on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a report on Monday, May 4th. Cantor Fitzgerald lifted their price objective on shares of MasTec from $347.00 to $545.00 and gave the company an “overweight” rating in a report on Monday, May 11th. The Goldman Sachs Group lifted their price objective on shares of MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, CICC Research initiated coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective for the company. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and a consensus target price of $459.28.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares in the company, valued at $3,446,954.56. The trade was a 8.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 10,450 shares of company stock worth $3,512,759. Corporate insiders own 21.40% of the company’s stock.

MasTec Stock Up 2.1%

MTZ stock opened at $389.95 on Wednesday. The stock has a market capitalization of $30.81 billion, a P/E ratio of 68.29 and a beta of 1.82. The firm has a 50-day simple moving average of $364.32 and a 200-day simple moving average of $282.99. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 52 week low of $152.43 and a 52 week high of $441.43.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping 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 net margin of 2.94% and a return on equity of 17.15%. The company’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts forecast that MasTec, Inc. will post 8.51 earnings per share 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.