M&T Bank Corp Buys 2,453 Shares of MasTec, Inc. $MTZ

M&T Bank Corp lifted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 87.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,271 shares of the construction company’s stock after acquiring an additional 2,453 shares during the period. M&T Bank Corp’s holdings in MasTec were worth $1,145,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Kestra Private Wealth Services LLC lifted its holdings in shares of MasTec by 12.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 2,291 shares of the construction company’s stock worth $498,000 after acquiring an additional 246 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of MasTec by 7.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,477 shares of the construction company’s stock worth $2,060,000 after acquiring an additional 682 shares during the last quarter. Huntleigh Advisors Inc. lifted its holdings in shares of MasTec by 2.5% during the 4th quarter. Huntleigh Advisors Inc. now owns 9,873 shares of the construction company’s stock worth $2,146,000 after acquiring an additional 245 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of MasTec by 463.6% during the 4th quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock worth $2,940,000 after acquiring an additional 11,127 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of MasTec by 7.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 4,796 shares of the construction company’s stock worth $1,043,000 after acquiring an additional 338 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. UBS Group lifted their price objective 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 lifted their price objective on shares of MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a report on Monday, May 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $422.29.

MasTec Stock Performance

MasTec stock opened at $414.15 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $32.73 billion, a PE ratio of 72.53 and a beta of 1.82. The firm has a fifty day simple moving average of $336.83 and a two-hundred day simple moving average of $265.11. MasTec, Inc. has a twelve month low of $145.27 and a twelve month high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Research analysts expect that MasTec, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the sale, the director directly owned 17,235 shares of the company’s stock, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,450 shares of company stock valued at $3,512,759 over the last three months. Insiders own 21.40% of the company’s stock.

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.