Barclays PLC Has $26.70 Million Stake in MasTec, Inc. $MTZ

Key Points

• Barclays PLC trimmed its stake in MasTec by 12.7% in Q3, selling 18,223 shares and now owning 125,463 shares (~0.16%) valued at about $26.7 million.
• MasTec beat estimates with Q-quarter EPS of $2.07 and revenue of $3.94 billion (up 15.8% YoY), set FY2026 guidance at 8.40 EPS, and carries a consensus analyst rating of "Moderate Buy" with a $283.79 target.
• Institutional ownership is high at 78.10%, with major investors increasing positions—Victory Capital now holds 946,555 shares (~$201.3M) and Vanguard owns ~5.97M shares (~$1.02B).

Barclays PLC lessened its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 12.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,463 shares of the construction company's stock after selling 18,223 shares during the quarter. Barclays PLC owned approximately 0.16% of MasTec worth $26,700,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in MasTec by 9,550.8% during the third quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company's stock worth $201,295,000 after purchasing an additional 936,747 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in MasTec by 370.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company's stock worth $86,384,000 after buying an additional 399,007 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in shares of MasTec during the 3rd quarter worth about $50,904,000. Vanguard Group Inc. grew its stake in MasTec by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,972,293 shares of the construction company's stock valued at $1,017,858,000 after purchasing an additional 234,594 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in MasTec by 42.2% in the second quarter. Ameriprise Financial Inc. now owns 555,486 shares of the construction company's stock valued at $94,672,000 after purchasing an additional 164,722 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Stock Performance

NYSE MTZ opened at $303.93 on Thursday. The firm's 50 day simple moving average is $258.48 and its 200 day simple moving average is $223.43. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $310.36. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $23.98 billion, a price-to-earnings ratio of 59.95 and a beta of 1.89.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping 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 firm's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, research analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business's 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 transaction, the director owned 17,235 shares in the company, valued at approximately $5,177,394. The trade was a 27.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 21.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MTZ shares. Wolfe Research reiterated an "outperform" rating and set a $326.00 price objective on shares of MasTec in a research note on Monday, March 2nd. DA Davidson lifted their price objective on shares of MasTec from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Robert W. Baird boosted their price objective on shares of MasTec from $249.00 to $348.00 and gave the stock an "outperform" rating in a research note on Monday, March 2nd. Zacks Research cut MasTec from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 4th. Finally, KeyCorp increased their price target on MasTec from $264.00 to $335.00 and gave the company an "overweight" rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, MasTec presently has a consensus rating of "Moderate Buy" and a consensus target price of $283.79.

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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