Geode Capital Management LLC Acquires 94,344 Shares of MasTec, Inc. $MTZ

Geode Capital Management LLC raised its holdings in MasTec, Inc. (NYSE:MTZ) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,220,703 shares of the construction company’s stock after acquiring an additional 94,344 shares during the period. Geode Capital Management LLC’s holdings in MasTec were worth $265,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTZ. Thrivent Financial for Lutherans grew its holdings in shares of MasTec by 14.9% during the third quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock worth $3,531,000 after purchasing an additional 2,158 shares during the last quarter. Marco Investment Management LLC grew its holdings in shares of MasTec by 28.2% during the third quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after purchasing an additional 6,955 shares during the last quarter. Gables Capital Management Inc. grew its holdings in shares of MasTec by 30.3% during the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after purchasing an additional 4,900 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in shares of MasTec by 50.0% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after purchasing an additional 23,500 shares during the last quarter. Finally, Union Bancaire Privee UBP SA grew its holdings in shares of MasTec by 192.1% during the fourth quarter. Union Bancaire Privee UBP SA now owns 14,046 shares of the construction company’s stock worth $3,053,000 after purchasing an additional 9,238 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling

In other news, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction 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. This represents a 8.23% decrease in their ownership of the stock. 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 company’s stock in a transaction that occurred 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 transaction, the director directly owned 30,646 shares in the company, valued at $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MTZ has been the topic of several research reports. B. Riley Financial restated a “buy” rating on shares of MasTec in a report on Monday, May 4th. Robert W. Baird boosted their price target on MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $450.00 price objective on shares of MasTec in a research note on Monday, May 4th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $459.28.

MasTec Price Performance

Shares of NYSE:MTZ opened at $360.74 on Tuesday. 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, Inc. has a twelve month low of $152.43 and a twelve month high of $441.43. The stock’s 50 day moving average is $370.14 and its 200-day moving average is $288.02. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of 63.18 and a beta of 1.82.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share 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 period in the prior year, the firm earned $0.51 earnings per share. MasTec’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 forecast that MasTec, Inc. will post 8.51 EPS 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.