Moore Capital Management LP Has $14.12 Million Stock Holdings in MasTec, Inc. $MTZ

Moore Capital Management LP cut its holdings in MasTec, Inc. (NYSE:MTZ) by 10.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 64,954 shares of the construction company’s stock after selling 7,439 shares during the quarter. Moore Capital Management LP’s holdings in MasTec were worth $14,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTZ. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MasTec in the fourth quarter valued at $30,000. CIBC Private Wealth Group LLC increased its stake in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares in the last quarter. CI Investments Inc. increased its stake in shares of MasTec by 39.9% in the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after buying an additional 91 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of MasTec by 102.6% in the fourth quarter. Covestor Ltd now owns 314 shares of the construction company’s stock valued at $68,000 after buying an additional 159 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Price Performance

Shares of MTZ stock opened at $375.28 on Thursday. 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 12 month low of $160.08 and a 12 month high of $441.43. The firm has a market cap of $29.65 billion, a price-to-earnings ratio of 65.72 and a beta of 1.77. The stock has a 50-day moving average price of $380.39 and a 200 day moving average price of $301.96.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the business earned $0.51 earnings per share. The company’s revenue was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Research analysts expect that MasTec, Inc. will post 8.51 EPS for the current year.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the transaction, the director owned 30,646 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated 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 transaction, 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 10,450 shares of company stock worth $3,972,764. Insiders own 21.40% of the company’s stock.

Analyst Ratings Changes

MTZ has been the subject of a number of research reports. Citigroup raised their target price on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. raised their target price on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded MasTec from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 8th. Truist Financial raised their target price on MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, CICC Research began coverage on MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given 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 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.