Wolf Hill Capital Management LP Sells 91,093 Shares of MasTec, Inc. $MTZ

Wolf Hill Capital Management LP cut its stake in shares of MasTec, Inc. (NYSE:MTZ) by 48.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,439 shares of the construction company’s stock after selling 91,093 shares during the quarter. MasTec makes up approximately 2.3% of Wolf Hill Capital Management LP’s portfolio, making the stock its 10th biggest position. Wolf Hill Capital Management LP’s holdings in MasTec were worth $20,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTZ. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec during the 4th quarter worth about $30,000. CIBC Private Wealth Group LLC lifted its holdings in MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after buying an additional 182 shares during the period. CI Investments Inc. lifted its holdings in MasTec by 39.9% during the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock worth $68,000 after buying an additional 91 shares during the period. Finally, Covestor Ltd lifted its holdings in MasTec by 102.6% during the 4th quarter. Covestor Ltd now owns 314 shares of the construction company’s stock worth $68,000 after buying an additional 159 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director owned 10,592 shares of the company’s stock, valued at $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 10,450 shares of company stock valued at $3,972,764. 21.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MTZ shares. Robert W. Baird boosted their price objective on MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Truist Financial boosted their price objective on MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a research note on Monday, May 4th. DA Davidson boosted their price objective on MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Finally, Stifel Nicolaus set a $455.00 price objective on MasTec in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $459.28.

MasTec Stock Down 0.1%

MTZ stock opened at $362.63 on Monday. The stock’s 50 day simple moving average is $378.24 and its 200 day simple moving average is $298.51. MasTec, Inc. has a fifty-two week low of $159.77 and a fifty-two week high of $441.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The company has a market cap of $28.66 billion, a P/E ratio of 63.51 and a beta of 1.78.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. 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, research analysts expect that MasTec, Inc. will post 8.51 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.