Bayforest Capital Ltd Sells 2,555 Shares of MasTec, Inc. $MTZ

Bayforest Capital Ltd reduced its position in shares of MasTec, Inc. (NYSE:MTZ) by 59.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,757 shares of the construction company’s stock after selling 2,555 shares during the period. Bayforest Capital Ltd’s holdings in MasTec were worth $382,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after buying an additional 34,899 shares during the last quarter. AQR Capital Management LLC increased its holdings in MasTec by 11.3% during the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock worth $181,961,000 after buying an additional 108,504 shares during the last quarter. First Trust Advisors LP increased its holdings in MasTec by 52.1% during the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after buying an additional 350,228 shares during the last quarter. Victory Capital Management Inc. increased its holdings in MasTec by 9,550.8% during the third quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock worth $201,295,000 after buying an additional 936,747 shares during the last quarter. Finally, Merewether Investment Management LP increased its holdings in MasTec by 59.8% during the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after buying an additional 324,500 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Trading Up 4.1%

Shares of MasTec stock opened at $372.90 on Friday. The firm has a market cap of $29.40 billion, a PE ratio of 73.55 and a beta of 1.80. 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, Inc. has a 1 year low of $109.68 and a 1 year high of $373.64. The company has a 50 day simple moving average of $308.10 and a two-hundred day simple moving average of $249.51.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 2.79% and a return on equity of 15.62%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business 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. Analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’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 transaction of $1,952,600.00. Following the completion of the sale, the director 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 SEC filing for this sale provides additional information. Insiders own 21.30% of the company’s stock.

Key MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Stifel raised its price target on MTZ to $401 (from $335) and kept a Buy rating, citing record-high transmission surveys that boost near-term demand for transmission and utility work. Stifel Raises MasTec’s Price Target as Transmission Surveys Hit Record Highs
• Positive Sentiment: JPMorgan raised its MTZ price target to $386 and maintains an overweight view, reinforcing analyst-driven upside and supporting multiple expansion expectations. Benzinga
• Positive Sentiment: Equity research coverage highlights MTZ among heavy construction names poised to benefit from accelerating infrastructure, telecom, data center and energy investment — a demand tailwind for MasTec’s services. 5 Heavy Construction Stocks to Watch as Infrastructure Picks Up
• Positive Sentiment: Fundamentals: MasTec beat Q4 estimates (EPS and revenue) earlier this year and provided FY2026 guidance that supports higher earnings expectations — a driver for investor confidence and valuation re-ratings. (Background company results)
• Neutral Sentiment: KeyCorp reiterated an Overweight stance and published updated quarterly EPS forecasts (Q1: $0.92, Q2: $2.05, Q4: $2.46) with a $335 target — useful modeling detail but less bullish than the higher targets from Stifel/JPMorgan. KeyCorp estimates (MarketBeat)
• Neutral Sentiment: MasTec scheduled its Q1 2026 earnings conference call — a near-term event investors will watch for revenue, backlog and margin commentary that could confirm or temper recent analyst optimism. MasTec Schedules First Quarter 2026 Earnings Conference Call
• Neutral Sentiment: Media pieces noting MTZ’s recent surge and its contribution to broader market strength provide momentum but are descriptive rather than new fundamental catalysts. MasTec Inc Surge Signals Strength In Nyse Composite Index

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MTZ. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a report on Friday, March 27th. KeyCorp raised their price objective on shares of MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. TD Cowen raised their price objective on shares of MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. UBS Group raised their price objective on shares of MasTec from $354.00 to $420.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Barclays raised their price objective on shares of MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.33.

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.