MasTec, Inc. $MTZ Shares Sold by Atika Capital Management LLC

Atika Capital Management LLC reduced its stake in shares of MasTec, Inc. (NYSE:MTZ) by 19.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,500 shares of the construction company’s stock after selling 9,700 shares during the quarter. Atika Capital Management LLC owned 0.05% of MasTec worth $8,406,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTZ. Salomon & Ludwin LLC raised its stake in shares of MasTec by 344.4% during the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after purchasing an additional 93 shares during the period. Caldwell Trust Co acquired a new position in MasTec in the 2nd quarter worth $29,000. Parkside Financial Bank & Trust boosted its position in MasTec by 253.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after buying an additional 137 shares during the last quarter. Evelyn Partners Asset Management Ltd acquired a new stake in shares of MasTec during the second quarter valued at about $43,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of MasTec during the third quarter valued at about $43,000. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MTZ shares. Cantor Fitzgerald increased their price target on MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. TD Cowen lifted their price objective on MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Robert W. Baird upped their target price on MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Barclays increased their target price on MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Stifel Nicolaus raised their price target on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $283.79.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the transaction, the director owned 17,235 shares of the company’s stock, valued at $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 21.30% of the stock is owned by corporate insiders.

MasTec Stock Performance

MTZ stock opened at $303.93 on Thursday. The stock’s 50 day simple moving average is $258.48 and its 200 day simple moving average is $223.43. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $310.36. The firm has a market cap of $23.98 billion, a P/E ratio of 59.95 and a beta of 1.89. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, equities research analysts predict that MasTec, Inc. will post 3.44 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.