Exchange Traded Concepts LLC Buys 7,937 Shares of MasTec, Inc. $MTZ

Exchange Traded Concepts LLC grew its stake in MasTec, Inc. (NYSE:MTZ) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,425 shares of the construction company’s stock after purchasing an additional 7,937 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.08% of MasTec worth $13,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MTZ. Salomon & Ludwin LLC boosted its stake in shares of MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after buying an additional 93 shares during the period. Caldwell Trust Co acquired a new position in MasTec in the 2nd quarter valued at $29,000. Princeton Global Asset Management LLC bought a new stake in shares of MasTec during the 3rd quarter valued at $43,000. Root Financial Partners LLC acquired a new stake in shares of MasTec during the 3rd quarter worth $49,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares during the period. Institutional investors own 78.10% of the company’s stock.

Insider Activity at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 17,235 shares in the company, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 21.30% of the company’s stock.

MasTec Stock Performance

Shares of MasTec stock opened at $316.66 on Friday. The company’s 50 day moving average price is $277.40 and its two-hundred day moving average price is $234.12. The firm has a market capitalization of $24.98 billion, a P/E ratio of 62.46 and a beta of 1.89. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $328.69. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 EPS. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. On average, equities analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MTZ. DA Davidson increased their price objective on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wolfe Research reissued an “outperform” rating and issued a $326.00 price objective on shares of MasTec in a research note on Monday, March 2nd. Stifel Nicolaus raised their target price on MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Jefferies Financial Group boosted their price target on MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Finally, Mizuho raised their price objective on MasTec from $254.00 to $362.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $295.72.

MasTec Company 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.