Swiss National Bank Grows Stock Holdings in MasTec, Inc. $MTZ

Swiss National Bank grew its position in shares of MasTec, Inc. (NYSE:MTZ) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,000 shares of the construction company’s stock after purchasing an additional 1,500 shares during the period. Swiss National Bank owned about 0.16% of MasTec worth $40,539,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MTZ. Gables Capital Management Inc. raised its stake in shares of MasTec by 30.3% during the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after acquiring an additional 4,900 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in shares of MasTec by 50.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock valued at $15,325,000 after purchasing an additional 23,500 shares in the last quarter. Swedbank AB grew its holdings in shares of MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after purchasing an additional 3,200 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of MasTec by 14.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 63,425 shares of the construction company’s stock valued at $13,787,000 after purchasing an additional 7,937 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in shares of MasTec by 4,223.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock valued at $601,000 after purchasing an additional 2,703 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Insider Activity

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the 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 sale, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred 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 completion of the sale, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. TD Cowen lifted their price objective on MasTec from $445.00 to $470.00 and gave the stock a “buy” rating in a report on Monday, July 13th. UBS Group boosted their target price on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Mizuho increased their target price on MasTec from $498.00 to $502.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, MasTec has an average rating of “Moderate Buy” and a consensus price target of $466.89.

MasTec Trading Up 1.6%

Shares of MTZ opened at $357.14 on Thursday. The stock has a market capitalization of $28.22 billion, a P/E ratio of 62.55 and a beta of 1.77. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $376.65 and a two-hundred day simple moving average of $329.53. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion for 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 revenue for the quarter was up 34.5% compared to the same quarter last year. 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. On average, research analysts anticipate that MasTec, Inc. will post 9.18 EPS for the current year.

MasTec 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.