1,735 Shares in MasTec, Inc. $MTZ Acquired by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. acquired a new position in shares of MasTec, Inc. (NYSE:MTZ) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,735 shares of the construction company’s stock, valued at approximately $558,000.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares during the last quarter. Peconic Partners LLC boosted its position in shares of MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after acquiring an additional 850,000 shares during the last quarter. Coatue Management LLC purchased a new stake in shares of MasTec in the fourth quarter valued at about $147,357,000. Merewether Investment Management LP grew its holdings in shares of MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after purchasing an additional 324,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in MasTec by 71.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock worth $155,965,000 after purchasing an additional 304,358 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Stock Down 3.3%

Shares of MTZ opened at $329.68 on Friday. The company’s 50-day moving average price is $381.05 and its 200 day moving average price is $326.07. MasTec, Inc. has a 12-month low of $160.08 and a 12-month high of $441.43. 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 firm has a market cap of $26.05 billion, a P/E ratio of 57.74 and a beta of 1.77.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.41. The company 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%. MasTec’s revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the firm 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 forecast that MasTec, Inc. will post 9.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MTZ. Cantor Fitzgerald lifted their target price on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. 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. CICC Research began coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target on the stock. Roth Capital reaffirmed a “buy” rating and set a $450.00 price target on shares of MasTec in a research report on Monday, May 4th. Finally, Zacks Research cut MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Nineteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, MasTec presently has a consensus rating of “Moderate Buy” and an average price target of $464.78.

Insider Buying and Selling

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 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 trade represents a 8.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 21.40% of the company’s stock.

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.