Algert Global LLC Acquires 55,168 Shares of MasTec, Inc. $MTZ

Algert Global LLC boosted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 86.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,304 shares of the construction company’s stock after buying an additional 55,168 shares during the quarter. MasTec makes up approximately 0.4% of Algert Global LLC’s portfolio, making the stock its 17th biggest position. Algert Global LLC owned 0.15% of MasTec worth $25,389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTZ. Vanguard Group Inc. grew its stake in MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock valued at $1,278,391,000 after acquiring an additional 34,899 shares during the period. Invesco Ltd. grew its stake in shares of MasTec by 6.1% in the 2nd quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company’s stock worth $300,817,000 after acquiring an additional 102,072 shares in the last quarter. Hood River Capital Management LLC increased its stake in MasTec by 8.9% in the 2nd quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company’s stock valued at $288,479,000 after buying an additional 138,269 shares during the last quarter. AQR Capital Management LLC increased its position in shares of MasTec by 11.3% during the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after acquiring an additional 108,504 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of MasTec by 52.1% during the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after purchasing an additional 350,228 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MTZ has been the topic of several research reports. Truist Financial boosted their target price on MasTec from $270.00 to $356.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. KeyCorp raised their price target on shares of MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Cantor Fitzgerald upped their price objective on shares of MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Mizuho raised their target price on shares of MasTec from $254.00 to $362.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, Robert W. Baird lifted their target price on shares of MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.84.

Insider Transactions at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated 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 owned 17,235 shares of the company’s stock, valued at $5,177,394. The trade was a 27.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.30% of the company’s stock.

MasTec Stock Down 2.4%

Shares of MasTec stock opened at $289.69 on Friday. 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, Inc. has a 52-week low of $99.70 and a 52-week high of $310.36. The company’s 50 day moving average price is $261.32 and its 200-day moving average price is $225.02. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 57.14 and a beta of 1.89.

MasTec (NYSE:MTZ) last posted its earnings results 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. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the business posted $1.44 earnings per share. MasTec’s revenue for the quarter 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. Equities research analysts forecast 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.