Legal & General Group Plc Sells 2,471 Shares of MasTec, Inc. $MTZ

Legal & General Group Plc cut its stake in MasTec, Inc. (NYSE:MTZ) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 96,829 shares of the construction company’s stock after selling 2,471 shares during the quarter. Legal & General Group Plc’s holdings in MasTec were worth $21,048,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in MasTec by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock valued at $1,278,391,000 after acquiring an additional 34,899 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of MasTec by 11.3% during the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after purchasing an additional 108,504 shares in the last quarter. First Trust Advisors LP boosted its holdings in MasTec by 52.1% during the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after purchasing an additional 350,228 shares during the last quarter. Victory Capital Management Inc. grew its position in MasTec by 9,550.8% in the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock worth $201,295,000 after purchasing an additional 936,747 shares in the last quarter. Finally, Merewether Investment Management LP increased its stake in MasTec by 59.8% in the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after buying an additional 324,500 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

NYSE MTZ opened at $378.91 on Monday. The company’s 50 day simple moving average is $369.18 and its two-hundred day simple moving average is $286.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. MasTec, Inc. has a 1 year low of $152.43 and a 1 year high of $441.43. The stock has a market capitalization of $29.94 billion, a PE ratio of 66.36 and a beta of 1.78.

MasTec (NYSE:MTZ) last released its quarterly 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. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Analysts predict that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director owned 17,235 shares in the company, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,450 shares of company stock worth $3,512,759 over the last ninety days. 21.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a report on Monday, May 4th. Stifel Nicolaus set a $455.00 price objective on MasTec in a research report on Monday, May 4th. Robert W. Baird upped their price objective on MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Weiss Ratings cut MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $459.28.

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.