Himension Capital Singapore PTE. LTD. Acquires New Stake in MasTec, Inc. $MTZ

Himension Capital Singapore PTE. LTD. acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,410 shares of the construction company’s stock, valued at approximately $775,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Earned Wealth Advisors LLC boosted its stake in shares of MasTec by 2.8% during the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock valued at $326,000 after purchasing an additional 28 shares during the period. Aigen Investment Management LP increased its stake in MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after buying an additional 38 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in MasTec by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after buying an additional 43 shares in the last quarter. Motley Fool Asset Management LLC lifted its holdings in MasTec by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after buying an additional 47 shares in the last quarter. Finally, Williamson Legacy Group LLC boosted its position in MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Trading Up 4.1%

Shares of NYSE MTZ opened at $350.55 on Wednesday. The stock has a market capitalization of $27.70 billion, a P/E ratio of 61.39 and a beta of 1.77. The business has a fifty day moving average price of $377.99 and a 200 day moving average price of $328.55. MasTec, Inc. has a 1-year low of $160.08 and a 1-year high of $441.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion for 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 company’s revenue was up 34.5% compared to the same quarter last year. During the same period last year, the business earned $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. Equities research analysts expect that MasTec, Inc. will post 9.18 EPS for the current fiscal year.

Insider Activity

In related news, 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 transaction, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was 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 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 disclosure for this sale is available in the SEC filing. 21.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on MTZ. Truist Financial upped their target price on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $493.00 price target on shares of MasTec in a report on Monday, May 4th. Roth Capital reissued a “buy” rating and issued a $450.00 price objective on shares of MasTec in a research note on Monday, May 4th. B. Riley Financial restated a “buy” rating on shares of MasTec in a report on Monday, May 4th. Finally, Barclays lifted their target price on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, MasTec has an average rating of “Moderate Buy” and a consensus price target of $464.78.

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.