Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stock Position in MasTec, Inc. $MTZ

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 33.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,000 shares of the construction company’s stock after buying an additional 3,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in MasTec were worth $2,608,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MTZ. Brighton Jones LLC purchased a new stake in shares of MasTec during the 4th quarter valued at approximately $227,000. NewEdge Advisors LLC lifted its stake in shares of MasTec by 32.6% during the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after buying an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of MasTec during the 2nd quarter valued at approximately $271,000. 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 valued at $61,000 after buying an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of MasTec by 793.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after buying an additional 912 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Price Performance

Shares of NYSE:MTZ opened at $353.72 on Wednesday. The company’s fifty day moving average price is $376.33 and its 200-day moving average price is $295.22. The firm has a market capitalization of $27.95 billion, a price-to-earnings ratio of 61.95 and a beta of 1.77. MasTec, Inc. has a one year low of $153.82 and a one year high of $441.43. 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 issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. On average, equities research analysts anticipate that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on MTZ shares. Barclays upped their price target on shares of MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. DA Davidson upped their price target 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. TD Cowen upped their price target on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, May 4th. KeyCorp increased their target price on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, CICC Research assumed coverage on shares of MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $459.28.

Insider Buying and Selling

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the business’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 completion of the sale, the director directly owned 10,592 shares of the company’s stock, valued at $3,446,954.56. The trade was a 8.23% 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 Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,450 shares of company stock worth $3,972,764 in the last 90 days. 21.40% of the stock is owned by company insiders.

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.