Los Angeles Capital Management LLC Cuts Position in MasTec, Inc. $MTZ

Los Angeles Capital Management LLC decreased its position in MasTec, Inc. (NYSE:MTZ) by 76.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,474 shares of the construction company’s stock after selling 21,433 shares during the quarter. Los Angeles Capital Management LLC’s holdings in MasTec were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MTZ. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec during the 4th quarter valued at approximately $30,000. Covestor Ltd increased its position in MasTec by 102.6% in the fourth quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after purchasing an additional 159 shares during the last quarter. CI Investments Inc. raised its stake in MasTec by 39.9% during the third quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after purchasing an additional 91 shares in the last quarter. Harbour Investments Inc. lifted its position in MasTec by 671.4% during the fourth quarter. Harbour Investments Inc. now owns 324 shares of the construction company’s stock valued at $70,000 after purchasing an additional 282 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTZ. CICC Research started coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price on the stock. Mizuho increased their price target on shares of MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Robert W. Baird lifted their price target on MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Truist Financial boosted their price objective on MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, UBS Group upped their price objective on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $459.28.

Insider Activity

In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% 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 Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 10,450 shares of company stock valued at $3,972,764. 21.40% of the stock is currently owned by insiders.

MasTec Price Performance

MasTec stock opened at $335.17 on Thursday. MasTec, Inc. has a 12-month low of $157.58 and a 12-month high of $441.43. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $376.92 and a 200-day moving average price of $296.23. The firm has a market capitalization of $26.48 billion, a PE ratio of 58.70 and a beta of 1.77.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s revenue was up 34.5% compared to the same quarter last year. 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 research analysts forecast that MasTec, Inc. will post 8.51 EPS for the current 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.