Hillsdale Investment Management Inc. Trims Stake in MasTec, Inc. $MTZ

Hillsdale Investment Management Inc. lowered its stake in MasTec, Inc. (NYSE:MTZ) by 28.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,700 shares of the construction company’s stock after selling 5,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in MasTec were worth $2,761,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of MasTec during the 4th quarter worth $30,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares during the period. CI Investments Inc. lifted its stake in shares of MasTec by 39.9% during the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after purchasing an additional 91 shares during the period. Covestor Ltd lifted its stake in shares of MasTec by 102.6% during the 4th quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after purchasing an additional 159 shares during the period. Finally, Harbour Investments Inc. lifted its stake in shares of MasTec by 671.4% during the 4th quarter. Harbour Investments Inc. now owns 324 shares of the construction company’s stock worth $70,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the transaction, the director directly owned 17,235 shares in the company, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares of the company’s stock, valued at $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 10,450 shares of company stock worth $3,512,759. Corporate insiders own 21.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTZ. Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Citigroup increased their target price on MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group increased their target price on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 target price on shares of MasTec in a research report on Monday, May 4th. Finally, Cantor Fitzgerald increased their target price on MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $459.28.

MasTec Stock Up 0.1%

Shares of NYSE MTZ opened at $378.91 on Monday. MasTec, Inc. has a 12-month low of $152.43 and a 12-month high of $441.43. The company has a market cap of $29.94 billion, a P/E ratio of 66.36 and a beta of 1.78. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $369.18 and a 200 day moving average price of $286.87.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm’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. Research analysts anticipate that MasTec, Inc. will post 8.51 EPS for the current fiscal 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.