Chase Investment Counsel Corp Has $10.19 Million Stock Position in MasTec, Inc. $MTZ

Chase Investment Counsel Corp increased its position in shares of MasTec, Inc. (NYSE:MTZ) by 6.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,684 shares of the construction company’s stock after buying an additional 1,906 shares during the period. MasTec accounts for 2.7% of Chase Investment Counsel Corp’s holdings, making the stock its 6th biggest holding. Chase Investment Counsel Corp’s holdings in MasTec were worth $10,194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in MasTec during the 4th quarter worth about $30,000. Ascentis Independent Advisors bought a new position in shares of MasTec during the 1st quarter worth approximately $30,000. CIBC Private Wealth Group LLC grew its position in shares of MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. grew its position 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 buying an additional 182 shares during the period. Finally, GHP Investment Advisors Inc. bought a new stake in shares of MasTec in the 1st quarter valued at $65,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Price Performance

Shares of NYSE MTZ opened at $350.55 on Wednesday. The stock has a market cap of $27.70 billion, a price-to-earnings ratio of 61.39 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. MasTec, Inc. has a fifty-two week low of $160.08 and a fifty-two week high of $441.43. The firm’s 50-day simple moving average is $377.99 and its 200 day simple moving average is $328.55.

MasTec (NYSE:MTZ) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, research analysts anticipate that MasTec, Inc. will post 9.18 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The sale 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 MasTec 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 transaction, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 21.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MTZ. KeyCorp boosted their target price on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. CICC Research assumed coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target for the company. TD Cowen upped their price objective on shares of MasTec from $445.00 to $470.00 and gave the company a “buy” rating in a report on Monday, July 13th. JPMorgan Chase & Co. upped their price objective on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Robert W. Baird increased their price objective on shares of MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $464.78.

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.