VIRGINIA RETIREMENT SYSTEMS ET Al Sells 13,200 Shares of MasTec, Inc. $MTZ

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in shares of MasTec, Inc. (NYSE:MTZ) by 62.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,900 shares of the construction company’s stock after selling 13,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in MasTec were worth $1,717,000 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. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec during the 4th quarter worth $30,000. Root Financial Partners LLC bought a new stake in MasTec during the 3rd quarter worth $49,000. Northwestern Mutual Wealth Management Co. grew its position in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares during the last quarter. CI Investments Inc. grew its position in MasTec by 39.9% during the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after acquiring an additional 91 shares during the last quarter. Finally, Rothschild Investment LLC grew its position in MasTec by 20.1% during the 3rd quarter. Rothschild Investment LLC now owns 406 shares of the construction company’s stock worth $86,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MTZ. Robert W. Baird boosted their price objective on MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. KeyCorp boosted their price objective on MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup boosted their price objective on MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. UBS Group boosted their price objective on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Mizuho lifted their target price on MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Eighteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $458.06.

MasTec Stock Down 4.7%

Shares of MTZ opened at $414.47 on Friday. The company has a market capitalization of $32.75 billion, a PE ratio of 72.59 and a beta of 1.82. MasTec, Inc. has a 12 month low of $145.46 and a 12 month high of $441.43. The stock’s 50-day moving average price is $351.75 and its two-hundred day moving average price is $273.76. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

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

Insider Activity

In other news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director directly owned 10,592 shares of the company’s stock, valued at $3,446,954.56. The trade was a 8.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s 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 represents a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,450 shares of company stock valued at $3,512,759 in the last ninety days. 21.40% of the stock is owned by company insiders.

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.