Dorsey Wright & Associates Acquires 26,823 Shares of MasTec, Inc. $MTZ

Dorsey Wright & Associates increased its holdings in MasTec, Inc. (NYSE:MTZ) by 219.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,061 shares of the construction company’s stock after purchasing an additional 26,823 shares during the period. MasTec accounts for 1.6% of Dorsey Wright & Associates’ holdings, making the stock its 20th biggest holding. Dorsey Wright & Associates’ holdings in MasTec were worth $12,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTZ. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MasTec during the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors bought a new position in shares of MasTec during the first quarter worth $30,000. CIBC Private Wealth Group LLC grew its stake in 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. grew its stake 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 acquiring an additional 182 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in MasTec during the first quarter valued at $65,000. 78.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was 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 directly owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Truist Financial raised their price objective on MasTec from $518.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Barclays lifted their target price on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. boosted their target price on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Citigroup increased their price target on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, MasTec currently has a consensus rating of “Moderate Buy” and a consensus price target of $464.78.

MasTec Stock Down 3.3%

Shares of MTZ opened at $329.68 on Friday. The company has a market cap of $26.05 billion, a PE ratio of 57.74 and a beta of 1.77. The business has a fifty day moving average of $381.05 and a 200 day moving average of $326.07. MasTec, Inc. has a 52-week low of $160.08 and a 52-week high of $441.43. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share 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 company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the company posted $0.51 EPS. The firm’s revenue for the quarter 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. On average, sell-side analysts expect that MasTec, Inc. will post 9.18 EPS for the current year.

About MasTec

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.