Harvest Fund Management Co. Ltd Has $786,000 Stake in MasTec, Inc. $MTZ

Harvest Fund Management Co. Ltd boosted its holdings in MasTec, Inc. (NYSE:MTZ) by 128.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,615 shares of the construction company’s stock after purchasing an additional 2,036 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in MasTec were worth $786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MTZ. Victory Capital Management Inc. raised its stake in MasTec by 9,550.8% in the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock worth $201,295,000 after purchasing an additional 936,747 shares in the last quarter. 140 Summer Partners LP acquired a new stake in MasTec in the 3rd quarter worth about $81,514,000. First Trust Advisors LP increased its holdings in MasTec by 52.1% in 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 buying an additional 350,228 shares during the period. Merewether Investment Management LP increased its holdings in MasTec by 59.8% in 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 during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in MasTec by 71.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after buying an additional 304,358 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MTZ. Barclays raised their target price on shares of MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. DA Davidson raised their target price on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 target price on shares of MasTec in a report on Monday, May 4th. JPMorgan Chase & Co. raised their target price on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, CICC Research began coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $459.28.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 30,646 shares in the company, valued at $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,450 shares of company stock valued at $3,972,764 in the last ninety days. 21.40% of the stock is currently owned by insiders.

MasTec Stock Performance

NYSE:MTZ opened at $363.70 on Friday. The stock’s 50-day moving average is $374.48 and its 200-day moving average is $292.25. MasTec, Inc. has a 1-year low of $153.82 and a 1-year high of $441.43. 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 stock has a market cap of $28.74 billion, a P/E ratio of 63.70 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the company earned $0.51 EPS. The firm’s revenue was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities research analysts anticipate that MasTec, Inc. will post 8.51 earnings per share for the current year.

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.