Kestra Private Wealth Services LLC Has $1.20 Million Holdings in MasTec, Inc. $MTZ

Kestra Private Wealth Services LLC boosted its position in shares of MasTec, Inc. (NYSE:MTZ) by 62.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,715 shares of the construction company’s stock after acquiring an additional 1,424 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in MasTec were worth $1,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MTZ. OP Asset Management Ltd acquired a new position in MasTec in the first quarter valued at about $58,985,000. Banque Cantonale Vaudoise bought a new stake in shares of MasTec during the first quarter worth about $212,000. Assenagon Asset Management S.A. raised its stake in shares of MasTec by 55.1% during the first quarter. Assenagon Asset Management S.A. now owns 255,222 shares of the construction company’s stock valued at $82,115,000 after acquiring an additional 90,682 shares during the last quarter. SG Americas Securities LLC raised its position in MasTec by 366.3% during the 1st quarter. SG Americas Securities LLC now owns 138,809 shares of the construction company’s stock worth $44,660,000 after purchasing an additional 109,040 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in MasTec by 69.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 6,707 shares of the construction company’s stock valued at $1,458,000 after acquiring an additional 2,750 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Trading Down 3.0%

Shares of MTZ stock opened at $416.04 on Wednesday. The business has a 50-day moving average price of $387.56 and a two-hundred day moving average price of $313.43. The firm has a market cap of $32.88 billion, a P/E ratio of 72.86 and a beta of 1.77. MasTec, Inc. has a 12-month low of $160.08 and a 12-month high of $441.43. 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 (NYSE:MTZ) last posted its quarterly earnings results 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 business 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 company’s revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the business 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. Equities analysts anticipate that MasTec, Inc. will post 8.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 30,646 shares in the company, valued at $12,779,382. This trade represents a 8.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares of the company’s stock, 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. Company insiders own 21.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays lifted their price objective on 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. Stifel Nicolaus set a $455.00 price objective on MasTec in a research note on Monday, May 4th. Cantor Fitzgerald boosted their target price on MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, The Goldman Sachs Group raised their price objective on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, MasTec presently has a consensus rating of “Buy” and an average target price 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.