New Age Alpha Advisors LLC Makes New $3.23 Million Investment in MasTec, Inc. $MTZ

New Age Alpha Advisors LLC acquired a new position in MasTec, Inc. (NYSE:MTZ) in the 4th quarter, HoldingsChannel reports. The fund acquired 14,837 shares of the construction company’s stock, valued at approximately $3,225,000.

Other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in MasTec by 14.9% in the third 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 last quarter. Marco Investment Management LLC lifted its stake in MasTec by 28.2% in the third quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after purchasing an additional 6,955 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in MasTec by 50.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after purchasing an additional 23,500 shares during the last quarter. Gables Capital Management Inc. lifted its stake in MasTec by 30.3% in the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in MasTec in the third quarter worth about $1,870,000. Institutional investors own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MTZ shares. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. CICC Research started coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. UBS Group raised their target price on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Robert W. Baird raised their target price on shares of MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $459.28.

MasTec Stock Performance

Shares of NYSE:MTZ opened at $382.24 on Tuesday. The firm has a market cap of $30.20 billion, a PE ratio of 66.94 and a beta of 1.82. The firm’s 50 day simple moving average is $362.31 and its 200-day simple moving average is $281.64. MasTec, Inc. has a one year low of $148.60 and a one year high of $441.43. 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 (NYSE:MTZ) last issued its earnings results 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 business 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% compared to the same quarter last year. During the same period last year, the company 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 8.51 EPS for the current year.

Insider Activity at MasTec

In related news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director directly owned 10,592 shares of the company’s stock, valued at $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred 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 transaction, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,450 shares of company stock valued at $3,512,759 over the last ninety days. 21.40% of the stock is owned by company 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.