MasTec, Inc. $MTZ Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. lowered its stake in shares of MasTec, Inc. (NYSE:MTZ) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,076 shares of the construction company’s stock after selling 2,673 shares during the quarter. Hodges Capital Management Inc.’s holdings in MasTec were worth $5,668,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in MasTec by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after buying an additional 34,899 shares during the period. Geode Capital Management LLC increased its holdings in MasTec by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock worth $265,395,000 after buying an additional 94,344 shares during the period. AQR Capital Management LLC increased its holdings in MasTec by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock worth $181,961,000 after buying an additional 108,504 shares during the period. First Trust Advisors LP increased its holdings in MasTec by 52.1% in the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after buying an additional 350,228 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in MasTec by 9,550.8% in the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock worth $201,295,000 after buying an additional 936,747 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Trading Down 5.1%

MasTec stock opened at $335.17 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 12 month low of $157.58 and a 12 month high of $441.43. The stock’s 50 day simple moving average is $376.92 and its two-hundred day simple moving average is $296.23. The firm has a market cap of $26.48 billion, a PE ratio of 58.70 and a beta of 1.77.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Analysts anticipate that MasTec, Inc. will post 8.51 earnings per share for the current year.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 completion of the sale, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 10,450 shares of company stock worth $3,972,764. Corporate insiders own 21.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. UBS Group increased their price target on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Robert W. Baird increased their price target on shares of MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Wolfe Research reiterated an “outperform” rating and issued a $326.00 price target on shares of MasTec in a report on Monday, March 2nd. Finally, CICC Research assumed coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock 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.