MasTec, Inc. $MTZ is Chase Investment Counsel Corp’s 6th Largest Position

Chase Investment Counsel Corp grew its position in shares of MasTec, Inc. (NYSE:MTZ) by 6.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 31,684 shares of the construction company’s stock after buying an additional 1,906 shares during the quarter. MasTec accounts for 2.7% of Chase Investment Counsel Corp’s holdings, making the stock its 6th biggest position. Chase Investment Counsel Corp’s holdings in MasTec were worth $10,194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after acquiring an additional 1,690,896 shares during the last quarter. Peconic Partners LLC boosted its position in MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. First Trust Advisors LP boosted its position in MasTec by 28.3% in the fourth quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company’s stock worth $285,066,000 after purchasing an additional 289,258 shares during the last quarter. Geode Capital Management LLC grew its stake in MasTec by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock valued at $265,395,000 after purchasing an additional 94,344 shares during the period. Finally, AQR Capital Management LLC grew its stake in MasTec by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after purchasing an additional 108,504 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the transaction, the director directly owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is owned by company insiders.

MasTec Trading Up 4.1%

Shares of MTZ opened at $350.55 on Wednesday. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43. The stock has a market cap of $27.70 billion, a PE ratio of 61.39 and a beta of 1.77. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The business’s 50-day moving average price is $377.99 and its 200-day moving average price is $328.55.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. MasTec’s revenue was up 34.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. 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, equities analysts forecast that MasTec, Inc. will post 9.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Zacks Research cut MasTec from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. The Goldman Sachs Group raised their price objective on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. KeyCorp lifted their price objective on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Robert W. Baird boosted their target price on shares of MasTec from $473.00 to $475.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, TD Cowen boosted their target price on shares of MasTec from $445.00 to $470.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $464.78.

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.