Intech Investment Management LLC Buys 12,386 Shares of MasTec, Inc. $MTZ

Intech Investment Management LLC lifted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 51.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 36,520 shares of the construction company’s stock after acquiring an additional 12,386 shares during the period. Intech Investment Management LLC’s holdings in MasTec were worth $7,938,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in MasTec by 9,550.8% during the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after purchasing an additional 936,747 shares during the period. 140 Summer Partners LP bought a new stake in MasTec during the 3rd quarter valued at approximately $81,514,000. First Trust Advisors LP boosted its stake in MasTec by 52.1% during the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after purchasing an additional 350,228 shares during the period. Merewether Investment Management LP boosted its stake in MasTec by 59.8% during the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after purchasing an additional 324,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in MasTec by 71.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after purchasing an additional 304,358 shares during the period. Institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MTZ. KeyCorp increased their target price on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Mizuho upped their price target on MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. The Goldman Sachs Group upped their price target on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a report on Monday, May 4th. Citigroup upped their price target on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Cantor Fitzgerald upped their price target on MasTec from $347.00 to $545.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $459.28.

Insider Buying and Selling at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction on Wednesday, March 25th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the transaction, the director 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. In the last ninety days, insiders have sold 10,450 shares of company stock worth $3,512,759. Insiders own 21.40% of the company’s stock.

MasTec Trading Down 1.2%

MTZ stock opened at $378.91 on Friday. The business has a fifty day moving average price of $369.18 and a 200 day moving average price of $286.27. MasTec, Inc. has a fifty-two week low of $152.43 and a fifty-two week high of $441.43. The stock has a market capitalization of $29.94 billion, a price-to-earnings ratio of 66.36 and a beta of 1.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating 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 firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the firm posted $0.51 EPS. The business’s revenue 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. Analysts expect 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.