Gilpin Wealth Management LLC Makes New $467,000 Investment in MasTec, Inc. $MTZ

Gilpin Wealth Management LLC acquired a new position in MasTec, Inc. (NYSE:MTZ) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,150 shares of the construction company’s stock, valued at approximately $467,000.

Other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec in the fourth quarter worth about $30,000. Covestor Ltd lifted its stake in MasTec by 102.6% in the fourth quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after purchasing an additional 159 shares during the last quarter. CI Investments Inc. lifted its stake in MasTec by 39.9% in the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after purchasing an additional 91 shares during the last quarter. Harbour Investments Inc. lifted its stake in MasTec by 671.4% in the fourth quarter. Harbour Investments Inc. now owns 324 shares of the construction company’s stock worth $70,000 after purchasing an additional 282 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of MasTec by 105.2% during the second 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 period. Institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MTZ shares. Barclays raised their target price on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. DA Davidson raised their target price on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Roth Mkm reaffirmed a “buy” rating and set a $450.00 target price on shares of MasTec in a research report on Monday, May 4th. Finally, Weiss Ratings raised shares of MasTec from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, MasTec has a consensus rating of “Buy” and a consensus target price of $459.28.

MasTec Stock Performance

Shares of MTZ stock opened at $335.17 on Thursday. The firm has a market cap of $26.48 billion, a price-to-earnings ratio of 58.70 and a beta of 1.77. The company’s 50 day moving average is $376.92 and its 200 day moving average is $296.23. 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 $157.58 and a 52-week high of $441.43.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.41. The company had revenue of $3.83 billion for 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%. MasTec’s 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. On average, sell-side analysts anticipate that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred 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 directly owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,450 shares of company stock valued at $3,972,764 over the last ninety days. 21.40% of the stock is owned by company insiders.

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.