DNB Asset Management AS Sells 83,982 Shares of MasTec, Inc. $MTZ

DNB Asset Management AS lessened its position in MasTec, Inc. (NYSE:MTZ) by 23.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,566 shares of the construction company’s stock after selling 83,982 shares during the quarter. DNB Asset Management AS owned 0.36% of MasTec worth $59,707,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its stake in MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after purchasing an additional 93 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of MasTec during the 2nd quarter worth approximately $29,000. Parkside Financial Bank & Trust lifted its stake in shares of MasTec by 253.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after acquiring an additional 137 shares during the last quarter. Evelyn Partners Asset Management Ltd purchased a new position in MasTec during the 2nd quarter valued at $43,000. Finally, Princeton Global Asset Management LLC bought a new position in MasTec in the 3rd quarter valued at $43,000. 78.10% of the stock is currently owned by institutional investors.

Key MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q4 earnings beat consensus — MasTec reported $2.07 EPS vs. a $1.94 Zacks consensus, reflecting y/y profit improvement and better-than-expected execution across segments. MasTec (MTZ) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Upside to full‑year 2026 outlook — MasTec raised its FY2026 EPS guidance to $8.40 (vs. ~$8.02 consensus) and issued revenue guidance near $17.0B (above $15.4B consensus), signaling stronger full‑year demand and margin confidence. MasTec Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Initial 2026 Guidance
• Positive Sentiment: Reduced short interest — Short interest fell ~12.9% in February to ~2.46M shares (about 4.0% of float), which lowers near‑term short pressure and can support upside momentum.
• Neutral Sentiment: Sector tailwind from AI/data‑center buildout — Analysts are highlighting MasTec among construction firms poised to benefit from large AI-driven data center capex, a multi-year growth driver but dependent on execution and contract timing. Buy 5 Construction Stocks Set to Soar on AI-Powered Data Center Boom
• Neutral Sentiment: Company press release details — MasTec’s release confirmed stronger revenue growth and provided segment commentary (net margin ~2.41%, ROE ~14.41%), which supports the headline beat but offers no new material surprises beyond guidance. View Press Release
• Negative Sentiment: Mixed near‑term guidance — Q1 2026 guidance was below Street expectations (EPS $1.00 vs. ~$1.42 consensus; revenue ~$3.5B vs. ~$3.7B consensus), introducing near‑term earnings risk and a reason for potential pullbacks if investors focus on quarterly softness. MasTec Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Initial 2026 Guidance

Analyst Ratings Changes

Several analysts have recently weighed in on MTZ shares. Robert W. Baird lifted their target price on MasTec from $238.00 to $249.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Truist Financial raised their price target on shares of MasTec from $253.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. KeyCorp reiterated an “overweight” rating and set a $264.00 price objective on shares of MasTec in a report on Wednesday, January 7th. Stifel Nicolaus upped their target price on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $238.16.

MasTec Trading Up 1.7%

NYSE:MTZ opened at $290.00 on Friday. The firm has a 50-day simple moving average of $244.67 and a 200-day simple moving average of $215.54. MasTec, Inc. has a one year low of $99.70 and a one year high of $291.70. The firm has a market cap of $22.88 billion, a P/E ratio of 68.88 and a beta of 1.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33.

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.