MasTec, Inc. $MTZ Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 9,550.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 946,555 shares of the construction company’s stock after buying an additional 936,747 shares during the period. Victory Capital Management Inc. owned approximately 1.20% of MasTec worth $201,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Salomon & Ludwin LLC increased its holdings in shares of MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after purchasing an additional 93 shares during the period. Caldwell Trust Co acquired a new stake in shares of MasTec during the 2nd quarter valued at $29,000. Parkside Financial Bank & Trust boosted its stake in shares of MasTec by 253.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after buying an additional 137 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of MasTec during the 3rd quarter valued at $43,000. Finally, Evelyn Partners Asset Management Ltd acquired a new position in shares of MasTec in the second quarter worth $43,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MTZ. Stifel Nicolaus lifted their price objective on MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. TD Cowen raised their price objective on shares of MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a research report on Monday. Mizuho lifted their target price on shares of MasTec from $254.00 to $362.00 and gave the company an “outperform” rating in a research note on Monday. Citigroup increased their price target on shares of MasTec from $284.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday. Finally, DA Davidson lifted their price objective on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $283.79.

MasTec Stock Performance

Shares of MTZ opened at $300.95 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. MasTec, Inc. has a one year low of $99.70 and a one year high of $310.36. The company’s fifty day moving average price is $249.39 and its 200 day moving average price is $218.60. The company has a market capitalization of $23.74 billion, a PE ratio of 59.36 and a beta of 1.89.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the business posted $1.44 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current year.

About MasTec

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.