Raiffeisen Bank International AG Purchases 4,000 Shares of MasTec, Inc. $MTZ

Raiffeisen Bank International AG increased its position in shares of MasTec, Inc. (NYSE:MTZ) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 66,000 shares of the construction company’s stock after acquiring an additional 4,000 shares during the period. Raiffeisen Bank International AG’s holdings in MasTec were worth $14,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTZ. Brighton Jones LLC bought a new stake in MasTec during the 4th quarter worth approximately $227,000. NewEdge Advisors LLC increased its holdings in shares of MasTec by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after buying an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of MasTec in the 2nd quarter worth $271,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after buying an additional 182 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after buying an additional 912 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

MTZ stock opened at $358.33 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. MasTec, Inc. has a 52 week low of $159.23 and a 52 week high of $441.43. The firm’s fifty day moving average is $377.66 and its 200 day moving average is $297.39. The firm has a market cap of $28.32 billion, a P/E ratio of 62.75 and a beta of 1.77.

MasTec (NYSE:MTZ) last released its 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 company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm earned $0.51 EPS. The firm’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. Research analysts predict that MasTec, Inc. will post 8.51 earnings per share for the current year.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Monday, May 4th. The shares were 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. 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 the stock in a transaction 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 transaction, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 10,450 shares of company stock valued at $3,972,764. Insiders own 21.40% of the company’s stock.

Analysts Set New Price Targets

MTZ has been the topic of a number of research analyst reports. TD Cowen increased their price target on shares of MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. UBS Group increased their price target on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a report on Friday, May 1st. The Goldman Sachs Group increased their price target on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a report on Monday, May 4th. Finally, Cantor Fitzgerald increased their price target on shares of MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $459.28.

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.