Bowen Hanes & Co. Inc. Grows Stake in MasTec, Inc. $MTZ

Bowen Hanes & Co. Inc. grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 10.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 215,465 shares of the construction company’s stock after acquiring an additional 20,025 shares during the period. MasTec comprises 1.7% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 23rd biggest position. Bowen Hanes & Co. Inc.’s holdings in MasTec were worth $69,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MTZ. Gables Capital Management Inc. increased its stake in MasTec by 30.3% in the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after purchasing an additional 4,900 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in shares of MasTec by 50.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after purchasing an additional 23,500 shares during the last quarter. Swedbank AB lifted its holdings in MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after buying an additional 3,200 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in MasTec by 14.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 63,425 shares of the construction company’s stock valued at $13,787,000 after buying an additional 7,937 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in MasTec by 463.6% in the 4th quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock worth $2,940,000 after acquiring an additional 11,127 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of MTZ stock opened at $359.30 on Friday. MasTec, Inc. has a 52-week low of $160.08 and a 52-week high of $441.43. 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 stock has a market cap of $28.39 billion, a PE ratio of 62.92 and a beta of 1.77. The business has a 50-day simple moving average of $375.13 and a 200-day simple moving average of $330.46.

MasTec (NYSE:MTZ) last released its quarterly earnings results 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 company had revenue of $3.83 billion for 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%. The firm’s revenue was up 34.5% on a year-over-year basis. During the same quarter 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 expect that MasTec, Inc. will post 9.18 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird lifted their price target 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. UBS Group lifted their target price on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Finally, Truist Financial lifted their target price on MasTec from $518.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $466.89.

Insider Activity

In related news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated 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 completion of the sale, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by company insiders.

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.