140 Summer Partners LP Purchases New Position in MasTec, Inc. $MTZ

140 Summer Partners LP purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 383,038 shares of the construction company’s stock, valued at approximately $81,514,000. MasTec comprises approximately 7.1% of 140 Summer Partners LP’s investment portfolio, making the stock its 2nd largest holding. 140 Summer Partners LP owned 0.49% of MasTec at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MTZ. Salomon & Ludwin LLC increased its position in MasTec by 344.4% during the 3rd 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 purchased a new stake in shares of MasTec in the 2nd quarter worth about $29,000. Princeton Global Asset Management LLC purchased a new stake in shares of MasTec in the 3rd quarter worth about $43,000. Root Financial Partners LLC bought a new stake in shares of MasTec during the 3rd quarter valued at about $49,000. Finally, Evelyn Partners Asset Management Ltd purchased a new position in shares of MasTec during the second quarter valued at about $43,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of research reports. Citigroup increased their price target on shares of MasTec from $284.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Mizuho upped their target price on MasTec from $254.00 to $362.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. Wolfe Research restated an “outperform” rating and issued a $326.00 target price on shares of MasTec in a research note on Monday, March 2nd. Finally, Jefferies Financial Group lifted their price target on MasTec from $271.00 to $348.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.84.

Insider Activity at MasTec

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

MasTec Price Performance

Shares of NYSE MTZ opened at $289.69 on Friday. The company has a 50 day simple moving average of $261.32 and a two-hundred day simple moving average of $225.02. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $310.36. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of 57.14 and a beta of 1.89. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32.

MasTec (NYSE:MTZ) last issued its quarterly earnings results 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 return on equity of 15.62% and a net margin of 2.79%.The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal 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.