Bank of New York Mellon Corp Grows Stake in MasTec, Inc. $MTZ

Key Points

• Bank of New York Mellon increased its MasTec stake by 9.3% in the fourth quarter, ending with 636,359 shares worth about $138.3 million. Institutional investors now own roughly 78.1% of the company.
• MasTec reported strong quarterly results, with EPS of $1.39 beating estimates of $0.98 and revenue of $3.83 billion topping expectations. Revenue rose 34.5% year over year, and the company issued FY2026 EPS guidance of 8.79.
• Wall Street remains bullish on MTZ, with several firms raising price targets and the stock carrying a consensus Buy rating and average target of $459.28. However, insiders have recently sold shares, including two directors trimming holdings in separate transactions.

Bank of New York Mellon Corp increased its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 636,359 shares of the construction company's stock after acquiring an additional 53,962 shares during the period. Bank of New York Mellon Corp owned approximately 0.81% of MasTec worth $138,325,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of MasTec during the fourth quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company's stock valued at $61,000 after acquiring an additional 182 shares in the last quarter. CI Investments Inc. raised its stake in shares of MasTec by 39.9% during the third quarter. CI Investments Inc. now owns 319 shares of the construction company's stock valued at $68,000 after acquiring an additional 91 shares in the last quarter. Covestor Ltd raised its stake in shares of MasTec by 102.6% during the fourth quarter. Covestor Ltd now owns 314 shares of the construction company's stock valued at $68,000 after acquiring an additional 159 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of MasTec by 671.4% during the fourth quarter. Harbour Investments Inc. now owns 324 shares of the construction company's stock valued at $70,000 after acquiring an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Insider Activity

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, the director directly owned 10,816 shares of the company's stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the sale, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,450 shares of company stock valued at $3,972,764 over the last ninety days. 21.40% of the stock is currently owned by insiders.

MasTec Stock Performance

Shares of MTZ stock opened at $363.70 on Friday. The company has a market cap of $28.74 billion, a PE ratio of 63.70 and a beta of 1.77. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 12-month low of $153.82 and a 12-month high of $441.43. The business's fifty day simple moving average is $374.48 and its 200-day simple moving average is $292.25.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data 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 firm 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 business's quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the company 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. Analysts expect that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of MasTec from $420.00 to $453.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Barclays boosted their price objective on shares of MasTec from $260.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 31st. The Goldman Sachs Group boosted their price objective on shares of MasTec from $348.00 to $487.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of MasTec from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird boosted their price objective on shares of MasTec from $348.00 to $473.00 and gave the stock an "outperform" rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $459.28.

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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