MasTec, Inc. $MTZ Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in MasTec, Inc. (NYSE:MTZ) by 366.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,809 shares of the construction company’s stock after buying an additional 109,040 shares during the period. SG Americas Securities LLC’s holdings in MasTec were worth $44,660,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased 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 acquiring an additional 1,690,896 shares in the last quarter. Peconic Partners LLC lifted its holdings in shares of MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after purchasing an additional 850,000 shares in the last quarter. Coatue Management LLC purchased a new stake in shares of MasTec in the fourth quarter valued at about $147,357,000. 140 Summer Partners LP acquired a new stake in shares of MasTec in the third quarter valued at approximately $81,514,000. Finally, First Trust Advisors LP grew its position in shares of MasTec by 52.1% in the third 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 during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated 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 directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,450 shares of company stock valued at $3,972,764 over the last quarter. Company insiders own 21.40% of the company’s stock.

MasTec Stock Up 7.1%

Shares of NYSE MTZ opened at $406.63 on Tuesday. The firm has a market cap of $32.13 billion, a P/E ratio of 71.21 and a beta of 1.77. 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 1 year low of $160.08 and a 1 year high of $441.43. The firm’s 50 day moving average price is $382.84 and its 200 day moving average price is $305.69.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $0.51 EPS. MasTec’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. As a group, sell-side analysts anticipate that MasTec, Inc. will post 8.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MTZ. Robert W. Baird lifted 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. Stifel Nicolaus set a $455.00 target price on MasTec in a report on Monday, May 4th. Truist Financial raised their price target on MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group boosted their price target on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research report on Monday, May 4th. One equities 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. Based on data from MarketBeat, MasTec 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.