MasTec, Inc. $MTZ Shares Acquired by CI Investments Inc.

CI Investments Inc. raised its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 149.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 22,202 shares of the construction company’s stock after purchasing an additional 13,302 shares during the quarter. CI Investments Inc.’s holdings in MasTec were worth $7,143,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MTZ. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MasTec during the 4th quarter valued at $30,000. Ascentis Independent Advisors bought a new stake in shares of MasTec during the 1st quarter worth $30,000. CIBC Private Wealth Group LLC grew its holdings in shares of MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of MasTec during the first quarter worth $65,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group upped their target price on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a report on Friday, May 1st. The Goldman Sachs Group lifted their price target on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Mizuho boosted their price objective on MasTec from $498.00 to $502.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Barclays raised their target price on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Finally, Citigroup lifted their target price on shares of MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $466.89.

Insider Buying and Selling

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 shares were 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 $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the director directly owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by corporate insiders.

MasTec Price Performance

Shares of MTZ opened at $359.30 on Friday. The business’s 50-day moving average is $375.13 and its 200-day moving average is $330.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The company has a market capitalization of $28.39 billion, a price-to-earnings ratio of 62.92 and a beta of 1.77. MasTec, Inc. has a fifty-two week low of $160.08 and a fifty-two week high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period last year, the company posted $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 research analysts expect that MasTec, Inc. will post 9.18 EPS for the current fiscal 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.