Community Trust & Investment Co. Sells 20,632 Shares of MasTec, Inc. $MTZ

Community Trust & Investment Co. decreased its position in shares of MasTec, Inc. (NYSE:MTZ) by 14.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 124,035 shares of the construction company’s stock after selling 20,632 shares during the period. MasTec comprises about 1.4% of Community Trust & Investment Co.’s holdings, making the stock its 16th largest holding. Community Trust & Investment Co. owned about 0.16% of MasTec worth $26,961,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of MasTec by 9,550.8% during the third quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after purchasing an additional 936,747 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in MasTec by 370.0% in the second quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock worth $86,384,000 after purchasing an additional 399,007 shares in the last quarter. 140 Summer Partners LP purchased a new position in MasTec during the third quarter valued at $81,514,000. First Trust Advisors LP lifted its position 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 valued at $217,529,000 after buying an additional 350,228 shares during the period. Finally, Merewether Investment Management LP boosted its holdings in shares of MasTec by 59.8% during the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after buying an additional 324,500 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen upped their target price on shares of MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Barclays upped their price objective on shares of MasTec from $240.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. 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 report on Monday, March 2nd. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.72.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were 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 in the company, valued at $5,177,394. The trade was a 27.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.30% of the stock is owned by company insiders.

MasTec Price Performance

MTZ opened at $310.56 on Tuesday. The firm has a market cap of $24.50 billion, a PE ratio of 61.25 and a beta of 1.88. The stock has a 50-day moving average price of $270.61 and a 200-day moving average price of $230.56. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $320.97. 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 announced its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.94 by $0.13. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. MasTec’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal 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.