Campbell Newman Asset Management Inc. Reduces Stock Position in MasTec, Inc. $MTZ

Campbell Newman Asset Management Inc. lowered its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,123 shares of the construction company’s stock after selling 2,131 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in MasTec were worth $4,809,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MTZ. Salomon & Ludwin LLC lifted its holdings in shares of MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after buying an additional 93 shares during the period. Caldwell Trust Co purchased a new stake in shares of MasTec in the 2nd quarter worth $29,000. Princeton Global Asset Management LLC purchased a new stake in shares of MasTec in the 3rd quarter worth $43,000. Root Financial Partners LLC purchased a new stake in shares of MasTec in the 3rd quarter worth $49,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after buying an additional 182 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Trading Down 1.9%

MTZ opened at $358.26 on Friday. The firm has a market cap of $28.24 billion, a price-to-earnings ratio of 70.66 and a beta of 1.80. 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, Inc. has a 12 month low of $109.68 and a 12 month high of $371.62. The stock has a fifty day moving average price of $305.81 and a 200-day moving average price of $248.12.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.94 by $0.13. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $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. As a group, equities research analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s 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 completion of the transaction, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MTZ shares. Barclays upped 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. DA Davidson upped their target price on MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. TD Cowen upped their target price on MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wolfe Research reiterated an “outperform” rating and issued a $326.00 target price on shares of MasTec in a report on Monday, March 2nd. Finally, 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. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $317.89.

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.