Nordea Investment Management AB Has $252.13 Million Stock Position in MasTec, Inc. $MTZ

Nordea Investment Management AB reduced its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,150,269 shares of the construction company’s stock after selling 191,754 shares during the quarter. Nordea Investment Management AB owned 1.46% of MasTec worth $252,127,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MTZ. Vanguard Group Inc. lifted its holdings in shares of MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after acquiring an additional 34,899 shares during the last quarter. Invesco Ltd. boosted 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 valued at $300,817,000 after purchasing an additional 102,072 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of MasTec by 8.9% during 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 purchasing an additional 138,269 shares during the last quarter. AQR Capital Management LLC increased its position in MasTec by 11.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock worth $181,961,000 after purchasing an additional 108,504 shares in the last quarter. Finally, First Trust Advisors LP increased its position in MasTec by 52.1% during the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after purchasing an additional 350,228 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MasTec 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 transaction of $1,952,600.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 21.30% of the company’s stock.

MasTec Trading Down 3.8%

Shares of NYSE MTZ opened at $300.79 on Monday. The firm has a 50 day moving average price of $268.88 and a two-hundred day moving average price of $229.66. The stock has a market cap of $23.73 billion, a P/E ratio of 59.33 and a beta of 1.88. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $316.19. 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 net margin of 2.79% and a return on equity of 15.62%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. MasTec’s revenue 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. As a group, equities analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of research analyst reports. TD Cowen raised their target price 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. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Cantor Fitzgerald increased their price target on MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Robert W. Baird raised their price objective on MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Finally, Wolfe Research restated an “outperform” rating and set a $326.00 price objective on shares of MasTec in a research report on Monday, March 2nd. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.