OP Asset Management Ltd Makes New $58.98 Million Investment in MasTec, Inc. $MTZ

OP Asset Management Ltd purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 183,332 shares of the construction company’s stock, valued at approximately $58,985,000. MasTec makes up approximately 0.6% of OP Asset Management Ltd’s investment portfolio, making the stock its 26th biggest position.

Several other hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MasTec in the 4th quarter worth $30,000. CIBC Private Wealth Group LLC boosted its stake in MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares during the period. CI Investments Inc. raised its position in MasTec by 39.9% in the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after acquiring an additional 91 shares in the last quarter. Finally, Covestor Ltd raised its position in MasTec by 102.6% in the fourth quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after acquiring an additional 159 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director directly owned 30,646 shares of the company’s stock, valued at $12,779,382. This represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by insiders.

MasTec Trading Up 0.3%

Shares of MTZ opened at $391.58 on Thursday. The business’s 50-day moving average price is $383.93 and its 200 day moving average price is $308.12. The stock has a market capitalization of $30.94 billion, a P/E ratio of 68.58 and a beta of 1.77. MasTec, Inc. has a 1-year low of $160.08 and a 1-year high of $441.43. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s revenue for the quarter 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. Analysts expect that MasTec, Inc. will post 8.51 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MTZ shares. Truist Financial raised their price objective on shares of MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Cantor Fitzgerald increased their target price on shares of MasTec from $347.00 to $545.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Jefferies Financial Group reissued a “buy” rating and set a $493.00 target price on shares of MasTec in a research note on Monday, May 4th. The Goldman Sachs Group lifted their price target on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $459.28.

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.