Assenagon Asset Management S.A. Decreases Stock Holdings in MasTec, Inc. $MTZ

Key Points

• Assenagon Asset Management trimmed its MasTec stake by 16.5% in Q4, selling 32,557 shares and leaving it with 164,540 shares (about 0.21%) valued at roughly $35.8 million.
• Several large institutions aggressively increased positions—most notably Victory Capital (now 946,555 shares, ~$201.3M) along with Qube Research, First Trust and Merewether—leaving institutional ownership at about 78.1%.
• MasTec recently beat Q4 estimates (EPS $2.07 vs. $1.94; revenue $3.94B vs. $3.71B), has bullish analyst revisions and a consensus "Moderate Buy" target of $295.72 while the stock trades near its 12‑month high (~$322.72).

Assenagon Asset Management S.A. cut its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,540 shares of the construction company's stock after selling 32,557 shares during the period. Assenagon Asset Management S.A. owned approximately 0.21% of MasTec worth $35,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in MasTec by 9,550.8% in the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company's stock valued at $201,295,000 after buying an additional 936,747 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of MasTec by 370.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company's stock valued at $86,384,000 after acquiring an additional 399,007 shares during the last quarter. 140 Summer Partners LP acquired a new position in shares of MasTec during the 3rd quarter valued at about $81,514,000. First Trust Advisors LP grew 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 valued at $217,529,000 after purchasing an additional 350,228 shares during the period. Finally, Merewether Investment Management LP grew its holdings in shares of MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company's stock valued at $184,557,000 after purchasing an additional 324,500 shares during the period. Institutional investors and hedge funds own 78.10% of the company's stock.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the sale, the director owned 17,235 shares of the company's stock, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 21.30% of the company's stock.

MasTec Trading Up 0.0%

NYSE MTZ opened at $322.72 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The stock has a market capitalization of $25.46 billion, a P/E ratio of 63.65 and a beta of 1.89. The firm's 50-day moving average is $274.50 and its two-hundred day moving average is $232.22. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $328.69.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.13. The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the business 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, sell-side analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MTZ shares. DA Davidson lifted their target price on shares of MasTec from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Barclays increased their price target on shares of MasTec from $240.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, January 23rd. Jefferies Financial Group raised their price target on shares of MasTec from $271.00 to $348.00 and gave the stock a "buy" rating in a report on Friday, March 13th. Wall Street Zen raised shares of MasTec from a "hold" rating to a "buy" rating in a research report on Sunday, February 22nd. Finally, KeyCorp upped their price objective on MasTec from $264.00 to $335.00 and gave the company an "overweight" rating in a report on Monday, March 2nd. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $295.72.

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.

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