Allspring Global Investments Holdings LLC Decreases Holdings in MasTec, Inc. $MTZ

Key Points

• Allspring cut its stake in MasTec by 20.2% in Q4, selling 13,152 shares and finishing with 51,875 shares (about 0.07% ownership) valued at roughly $11.8M.
• Analysts turned more bullish recently—Mizuho, Citi and KeyCorp all raised targets (to $362, $350 and $335 respectively) and the consensus is a Moderate Buy with an average price target of $300.17 (17 Buys, 3 Holds).
• MasTec beat Q4 expectations with $2.07 EPS vs $1.94 est and revenue of $3.94B (up 15.8% YoY); the stock trades near its 52-week high (~$336) with a market cap around $26.5B.

Allspring Global Investments Holdings LLC lowered its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,875 shares of the construction company's stock after selling 13,152 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of MasTec worth $11,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company's stock worth $1,278,391,000 after purchasing an additional 34,899 shares during the last quarter. Invesco Ltd. grew its stake in shares of MasTec by 6.1% during the second quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company's stock valued at $300,817,000 after buying an additional 102,072 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of MasTec by 8.9% during the second quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company's stock valued at $288,479,000 after buying an additional 138,269 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of MasTec by 11.3% in the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company's stock worth $181,961,000 after buying an additional 108,504 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of MasTec by 52.1% in the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company's stock worth $217,529,000 after buying an additional 350,228 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on MTZ. Mizuho boosted their price objective on MasTec from $254.00 to $362.00 and gave the company an "outperform" rating in a research report on Monday, March 2nd. Citigroup raised their target price on shares of MasTec from $284.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Stifel Nicolaus lifted their target price on shares of MasTec from $240.00 to $267.00 and gave the stock a "buy" rating in a research note on Tuesday, December 16th. Wolfe Research reiterated an "outperform" rating and set a $326.00 price target on shares of MasTec in a report on Monday, March 2nd. Finally, KeyCorp raised their price target on shares of MasTec from $264.00 to $335.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $300.17.

MasTec Price Performance

Shares of MTZ stock opened at $335.98 on Monday. The firm has a market cap of $26.51 billion, a P/E ratio of 66.27 and a beta of 1.80. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $341.40. The business's 50 day moving average price is $285.82 and its 200-day moving average price is $239.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32.

MasTec (NYSE:MTZ - Get Free Report) last announced its earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.13. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. On average, equities research analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Transactions at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the firm's stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the sale, the director directly owned 17,235 shares in the company, valued at approximately $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.30% of the company's stock.

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.

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