MasTec, Inc. $MTZ Stock Position Lowered by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in MasTec, Inc. (NYSE:MTZ) by 76.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,270 shares of the construction company’s stock after selling 13,833 shares during the period. Crossmark Global Holdings Inc.’s holdings in MasTec were worth $909,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of MasTec in the 4th quarter worth approximately $227,000. NewEdge Advisors LLC grew its position in MasTec by 32.6% in the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after buying an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of MasTec in the second quarter valued at $271,000. Envestnet Asset Management Inc. lifted its position in shares of MasTec by 13.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 52,105 shares of the construction company’s stock valued at $8,880,000 after acquiring an additional 6,369 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of MasTec during the second quarter worth $156,000. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. DA Davidson boosted their price target on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Mizuho lifted their price objective on shares of MasTec from $254.00 to $362.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a research note on Monday, December 29th. Truist Financial increased their target price on MasTec from $270.00 to $356.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Robert W. Baird lifted their target price on shares of MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $283.79.

MasTec Stock Performance

MTZ opened at $297.93 on Tuesday. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $310.36. The company has a market cap of $23.51 billion, a PE ratio of 58.76 and a beta of 1.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32. The stock has a 50-day moving average of $255.16 and a 200-day moving average of $222.00.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.94 by $0.13. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 EPS. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, equities research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares in the company, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 21.30% of the stock is owned by corporate insiders.

MasTec Company 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.