Calamos Advisors LLC Increases Stake in MasTec, Inc. $MTZ

Calamos Advisors LLC lifted its position in MasTec, Inc. (NYSE:MTZ) by 40.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 13,527 shares of the construction company’s stock after acquiring an additional 3,886 shares during the period. Calamos Advisors LLC’s holdings in MasTec were worth $4,352,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Peconic Partners LLC lifted its stake in MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. First Trust Advisors LP lifted its stake in MasTec by 28.3% in the fourth quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company’s stock worth $285,066,000 after purchasing an additional 289,258 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of MasTec by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock valued at $265,395,000 after buying an additional 94,344 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of MasTec by 11.3% during the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after buying an additional 108,504 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction 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 transaction, the director owned 30,646 shares in the company, valued at $12,779,382. This represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped 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 lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Truist Financial boosted their price objective on MasTec from $518.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. UBS Group upped their price objective on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, MasTec currently has an average rating of “Moderate Buy” and a consensus price target of $464.78.

MasTec Stock Down 2.1%

Shares of MasTec stock opened at $357.36 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The stock has a market cap of $28.24 billion, a price-to-earnings ratio of 62.59 and a beta of 1.77. The firm’s 50-day moving average is $384.17 and its two-hundred day moving average is $325.22. MasTec, Inc. has a 1 year low of $160.08 and a 1 year high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly 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. As a group, research analysts expect that MasTec, Inc. will post 8.65 earnings per share for the current fiscal year.

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.