Gotham Asset Management LLC Sells 3,821 Shares of MasTec, Inc. $MTZ

Gotham Asset Management LLC lowered its position in shares of MasTec, Inc. (NYSE:MTZ) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,529 shares of the construction company’s stock after selling 3,821 shares during the period. Gotham Asset Management LLC’s holdings in MasTec were worth $45,111,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MasTec during the fourth quarter valued at approximately $30,000. CIBC Private Wealth Group LLC increased its position in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after acquiring an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 acquiring an additional 182 shares in the last quarter. CI Investments Inc. increased its position in shares of 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 acquiring an additional 91 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of MasTec by 102.6% during the fourth quarter. Covestor Ltd now owns 314 shares of the construction company’s stock valued at $68,000 after acquiring an additional 159 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MTZ. UBS Group raised their price target on shares of MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. CICC Research began coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target for the company. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research report on Monday, May 4th. Finally, DA Davidson raised their price target on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $459.28.

Insiders Place Their Bets

In other MasTec news, 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 value of $1,251,000.00. Following the completion of the sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 10,450 shares of company stock valued at $3,972,764. Company insiders own 21.40% of the company’s stock.

MasTec Trading Up 1.6%

NYSE:MTZ opened at $375.28 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 12 month low of $160.08 and a 12 month high of $441.43. The company has a market cap of $29.65 billion, a PE ratio of 65.72 and a beta of 1.77. The company has a 50 day simple moving average of $380.39 and a two-hundred day simple moving average of $301.96.

MasTec (NYSE:MTZ) last posted 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. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue was up 34.5% on a year-over-year basis. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Research analysts forecast that MasTec, Inc. will post 8.51 earnings per share 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.