Russell Investments Group Ltd. Boosts Stock Position in MasTec, Inc. $MTZ

Russell Investments Group Ltd. raised its stake in shares of MasTec, Inc. (NYSE:MTZ) by 125.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,380 shares of the construction company’s stock after purchasing an additional 133,420 shares during the quarter. Russell Investments Group Ltd.’s holdings in MasTec were worth $50,943,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in MasTec by 92.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 65,027 shares of the construction company’s stock worth $13,981,000 after purchasing an additional 31,218 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of MasTec by 14.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock worth $3,531,000 after purchasing an additional 2,158 shares during the period. Bridge City Capital LLC increased its position in shares of MasTec by 27.2% during the second quarter. Bridge City Capital LLC now owns 49,357 shares of the construction company’s stock valued at $8,412,000 after acquiring an additional 10,565 shares during the last quarter. Marco Investment Management LLC increased its holdings in MasTec by 28.2% in the 3rd quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock valued at $6,726,000 after purchasing an additional 6,955 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of MasTec in the 2nd quarter valued at $12,366,000. 78.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Mizuho increased their price objective on MasTec from $254.00 to $362.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Truist Financial upped their target price on shares of MasTec from $270.00 to $356.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wolfe Research restated an “outperform” rating and set a $326.00 price target on shares of MasTec in a research note on Monday, March 2nd. Barclays increased their target price on shares of MasTec from $240.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Finally, Citigroup lifted their price objective on shares of MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a research report 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.79.

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on 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 sale, the director owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.30% of the stock is currently owned by corporate insiders.

MasTec Trading Up 0.7%

Shares of MTZ opened at $299.97 on Wednesday. The stock’s 50-day moving average is $256.75 and its two-hundred day moving average is $222.87. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $310.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The stock has a market cap of $23.67 billion, a PE ratio of 59.17 and a beta of 1.89.

MasTec (NYSE:MTZ) last released its quarterly 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 business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Equities analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

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.