Mariner Investment Group LLC Boosts Stake in MasTec, Inc. $MTZ

Mariner Investment Group LLC increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 806.2% during the fourth quarter, HoldingsChannel reports. The firm owned 14,500 shares of the construction company’s stock after buying an additional 12,900 shares during the period. Mariner Investment Group LLC’s holdings in MasTec were worth $3,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after acquiring an additional 1,690,896 shares during the period. Peconic Partners LLC grew its stake in shares of MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after acquiring an additional 850,000 shares during the period. Coatue Management LLC bought a new stake in shares of MasTec in the fourth quarter worth approximately $147,357,000. 140 Summer Partners LP purchased a new position in shares of MasTec during the third quarter valued at approximately $81,514,000. Finally, First Trust Advisors LP raised its holdings in shares of MasTec by 52.1% during the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after purchasing an additional 350,228 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MasTec

In related 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 transaction of $1,251,000.00. Following the transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. The trade was a 8.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,450 shares of company stock valued at $3,972,764 over the last 90 days. 21.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MTZ shares. Robert W. Baird raised their target price on shares of MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Mizuho boosted their target price on shares of MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Weiss Ratings raised MasTec from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 8th. Roth Mkm restated a “buy” rating and issued a $450.00 price target on shares of MasTec in a research note on Monday, May 4th. Finally, KeyCorp lifted their price objective on MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $459.28.

MasTec Stock Performance

MTZ opened at $380.34 on Friday. The company’s 50 day moving average is $381.23 and its 200 day moving average is $303.14. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 66.61 and a beta of 1.77. MasTec, Inc. has a 12-month low of $160.08 and a 12-month high of $441.43.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS 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 business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue 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, equities research analysts predict that MasTec, Inc. will post 8.51 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.