MasTec, Inc. $MTZ Stake Raised by Atika Capital Management LLC

Atika Capital Management LLC raised its position in MasTec, Inc. (NYSE:MTZ) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,636 shares of the construction company’s stock after purchasing an additional 1,638 shares during the quarter. MasTec accounts for approximately 2.3% of Atika Capital Management LLC’s holdings, making the stock its 9th biggest holding. Atika Capital Management LLC owned approximately 0.07% of MasTec worth $18,544,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares in the last quarter. Peconic Partners LLC boosted its stake in shares of MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after purchasing an additional 850,000 shares in the last quarter. First Trust Advisors LP increased its holdings in MasTec by 7.6% during the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock valued at $454,163,000 after buying an additional 100,151 shares during the period. Geode Capital Management LLC raised its stake in MasTec by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock worth $265,395,000 after buying an additional 94,344 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in MasTec by 11.3% in 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 in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of NYSE:MTZ opened at $359.30 on Friday. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43. The company’s 50 day moving average is $375.13 and its 200 day moving average is $330.46. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market cap of $28.39 billion, a PE ratio of 62.92 and a beta of 1.77.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. On average, sell-side analysts forecast that MasTec, Inc. will post 9.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MTZ. JPMorgan Chase & Co. upped their price objective on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. TD Cowen lifted their target price on MasTec from $445.00 to $470.00 and gave the company a “buy” rating in a research note on Monday, July 13th. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a report on Monday, May 4th. Citigroup increased their price target on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $466.89.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The transaction was disclosed in a 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 dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 21.40% of the company’s stock.

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.