MasTec, Inc. $MTZ Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in MasTec, Inc. (NYSE:MTZ) by 42.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 171,076 shares of the construction company’s stock after selling 127,942 shares during the period. BNP Paribas Financial Markets’ holdings in MasTec were worth $37,187,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in MasTec by 0.6% in 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 purchasing an additional 34,899 shares during the last quarter. Geode Capital Management LLC increased its holdings in MasTec by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock valued at $265,395,000 after purchasing an additional 94,344 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of MasTec by 11.3% in the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock worth $181,961,000 after acquiring an additional 108,504 shares in the last quarter. First Trust Advisors LP grew its stake in shares of MasTec by 52.1% in the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after acquiring an additional 350,228 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of MasTec by 9,550.8% in the third quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock worth $201,295,000 after acquiring an additional 936,747 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of MTZ stock opened at $370.41 on Thursday. 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 fifty day moving average price of $372.64 and a 200 day moving average price of $290.46. The company has a market cap of $29.27 billion, a P/E ratio of 64.87 and a beta of 1.77. MasTec, Inc. has a 12 month low of $153.82 and a 12 month high of $441.43.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous 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. Sell-side analysts predict that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wolfe Research restated an “outperform” rating and issued a $326.00 price target on shares of MasTec in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. KeyCorp boosted their price target on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Barclays boosted their price target on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Finally, Roth Mkm restated a “buy” rating and issued a $450.00 price target on shares of MasTec in a research note on Monday, May 4th. One investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $459.28.

Insiders Place Their Bets

In related news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction 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 completion of the transaction, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 21.40% of the company’s stock.

About MasTec

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.