MasTec, Inc. $MTZ Stock Position Raised by Gables Capital Management Inc.

Gables Capital Management Inc. boosted its stake in MasTec, Inc. (NYSE:MTZ) by 30.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,054 shares of the construction company’s stock after purchasing an additional 4,900 shares during the quarter. MasTec comprises approximately 1.9% of Gables Capital Management Inc.’s portfolio, making the stock its 10th biggest holding. Gables Capital Management Inc.’s holdings in MasTec were worth $4,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MTZ. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in MasTec in the fourth quarter valued at approximately $30,000. Root Financial Partners LLC purchased a new stake in MasTec in the third quarter valued at approximately $49,000. Northwestern Mutual Wealth Management Co. raised its stake in MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares in the last quarter. CI Investments Inc. raised its stake in MasTec by 39.9% in the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after purchasing an additional 91 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in MasTec by 20.1% in the third quarter. Rothschild Investment LLC now owns 406 shares of the construction company’s stock valued at $86,000 after purchasing an additional 68 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Down 7.3%

Shares of NYSE MTZ opened at $384.80 on Tuesday. MasTec, Inc. has a one year low of $145.46 and a one year high of $441.43. 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 firm’s 50 day simple moving average is $353.54 and its two-hundred day simple moving average is $275.41. The stock has a market capitalization of $30.41 billion, a P/E ratio of 67.39 and a beta of 1.82.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 34.5% on a year-over-year basis. 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, analysts expect that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director owned 17,235 shares in the company, valued at $5,177,394. This represents a 27.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 10,450 shares of company stock worth $3,512,759. Insiders own 21.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MTZ. The Goldman Sachs Group raised their target price on shares of MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research report on Monday, May 4th. JPMorgan Chase & Co. increased their price target on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Eighteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $458.06.

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.