SG Americas Securities LLC Has $6.47 Million Position in MasTec, Inc. $MTZ

SG Americas Securities LLC grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 429.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,769 shares of the construction company’s stock after acquiring an additional 24,144 shares during the period. SG Americas Securities LLC’s holdings in MasTec were worth $6,471,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock valued at $1,278,391,000 after purchasing an additional 34,899 shares during the last quarter. Invesco Ltd. grew its stake in MasTec by 6.1% in the second quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company’s stock valued at $300,817,000 after purchasing an additional 102,072 shares in the last quarter. Hood River Capital Management LLC increased its position in MasTec by 8.9% in the 2nd quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company’s stock worth $288,479,000 after purchasing an additional 138,269 shares during the last quarter. AQR Capital Management LLC increased its position 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 purchasing an additional 108,504 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of MasTec by 52.1% during the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after purchasing an additional 350,228 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. KeyCorp lifted their price target on MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. DA Davidson lifted their target price on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Stifel Nicolaus boosted their target price on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Finally, Robert W. Baird increased their price target on shares of MasTec from $249.00 to $348.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $300.17.

Insiders Place Their Bets

In related news, Director Javier Alberto Palomarez sold 950 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director owned 17,235 shares in the company, valued at $5,177,394. This trade represents a 27.39% decrease in their position. The SEC filing for this sale provides additional information. 21.30% of the stock is currently owned by insiders.

MasTec Stock Performance

MTZ opened at $321.36 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32. The company has a market cap of $25.35 billion, a PE ratio of 63.38 and a beta of 1.89. The stock has a 50-day moving average of $280.29 and a 200-day moving average of $236.17. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $328.69.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business earned $1.44 EPS. 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, equities research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal 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.