Thoroughbred Financial Services LLC Makes New Investment in MasTec, Inc. $MTZ

Thoroughbred Financial Services LLC purchased a new position in shares of MasTec, Inc. (NYSE:MTZ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,205 shares of the construction company’s stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTZ. Victory Capital Management Inc. raised its stake in MasTec by 9,550.8% during the third quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock worth $201,295,000 after acquiring an additional 936,747 shares in the last quarter. 140 Summer Partners LP acquired a new stake in shares of MasTec in the 3rd quarter valued at $81,514,000. First Trust Advisors LP boosted its stake in shares of MasTec by 52.1% in the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after purchasing an additional 350,228 shares in the last quarter. Merewether Investment Management LP boosted its stake in shares of MasTec by 59.8% in the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after purchasing an additional 324,500 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of MasTec by 71.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after purchasing an additional 304,358 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Roth Mkm restated a “buy” rating and issued a $450.00 target price on shares of MasTec in a research note on Monday, May 4th. Barclays upped their price objective on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald upped their price objective on shares of MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $326.00 price objective on shares of MasTec in a research note on Monday, March 2nd. Nineteen equities 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 currently has a consensus rating of “Moderate Buy” and an average target price of $459.28.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the transaction, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director directly owned 30,646 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders sold 10,450 shares of company stock valued at $3,512,759. Insiders own 21.40% of the company’s stock.

MasTec Price Performance

MasTec stock opened at $378.91 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. The firm has a market cap of $29.94 billion, a P/E ratio of 66.36 and a beta of 1.82. The business’s fifty day moving average is $369.18 and its two-hundred day moving average is $286.27. MasTec, Inc. has a 52 week low of $152.43 and a 52 week high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s 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. Equities research analysts forecast that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

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.