Kestra Private Wealth Services LLC Increases Holdings in MasTec, Inc. $MTZ

Kestra Private Wealth Services LLC lifted its stake in MasTec, Inc. (NYSE:MTZ) by 62.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,715 shares of the construction company’s stock after buying an additional 1,424 shares during the period. Kestra Private Wealth Services LLC’s holdings in MasTec were worth $1,195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec during the fourth quarter valued at approximately $30,000. CIBC Private Wealth Group LLC lifted its holdings in MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares during the last quarter. CI Investments Inc. grew its stake in shares of MasTec by 39.9% during the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after acquiring an additional 91 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of MasTec by 102.6% during the fourth quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after acquiring an additional 159 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was 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 approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 21.40% of the company’s stock.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a research note on Monday, May 4th. UBS Group increased their target price on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. The Goldman Sachs Group increased their price objective 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. Finally, Robert W. Baird upped their target price on shares of MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $459.28.

MasTec Trading Down 3.0%

Shares of NYSE MTZ opened at $416.04 on Wednesday. MasTec, Inc. has a 12 month low of $160.08 and a 12 month high of $441.43. The business has a fifty day simple moving average of $387.56 and a 200-day simple moving average of $313.43. The company has a market cap of $32.88 billion, a price-to-earnings ratio of 72.86 and a beta of 1.77. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last released its 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 for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The business’s revenue for the quarter 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. Sell-side analysts predict that MasTec, Inc. will post 8.5 EPS for the current year.

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.