22,065 Shares in MasTec, Inc. $MTZ Acquired by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. acquired a new position in shares of MasTec, Inc. (NYSE:MTZ) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 22,065 shares of the construction company’s stock, valued at approximately $7,099,000.

Several other large investors also recently modified their holdings of MTZ. Aigen Investment Management LP raised its stake in MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after purchasing an additional 38 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in MasTec by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after buying an additional 43 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in MasTec by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after buying an additional 47 shares during the period. Williamson Legacy Group LLC raised its position in shares of MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after buying an additional 52 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of MasTec by 5.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 943 shares of the construction company’s stock valued at $205,000 after buying an additional 52 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were 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 owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 21.40% of the company’s stock.

MasTec Price Performance

MTZ stock traded down $11.81 during trading on Friday, reaching $372.91. 922,129 shares of the company were exchanged, compared to its average volume of 1,088,271. The company has a market capitalization of $29.47 billion, a price-to-earnings ratio of 65.31 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The company has a 50-day moving average of $387.80 and a two-hundred day moving average of $321.64. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43.

MasTec (NYSE:MTZ) last issued its 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. 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 company’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the business 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. As a group, equities analysts predict that MasTec, Inc. will post 8.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MTZ shares. Jefferies Financial Group reiterated a “buy” rating and set a $493.00 price target on shares of MasTec in a research report on Monday, May 4th. Barclays upped their target price on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a report on Monday, May 4th. Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, UBS Group boosted their price target on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $463.39.

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.