Bokf Na Buys Shares of 20,030 MasTec, Inc. $MTZ

Key Points

• Bokf Na bought a new stake of 20,030 shares in MasTec (MTZ) during Q4, valued at about $4.35 million.
• MasTec beat Q1 estimates with $1.39 EPS vs $0.98 expected and $3.83 billion in revenue (up 34.5% YoY), and set FY 2026 guidance at 8.79 EPS.
• Analysts are broadly positive with a consensus "Moderate Buy" and a $422.29 target, while the stock trades near its 52-week high ($441.43) and has a P/E around 76.

Bokf Na bought a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,030 shares of the construction company's stock, valued at approximately $4,354,000.

Several other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in shares of MasTec by 14.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company's stock worth $3,531,000 after purchasing an additional 2,158 shares in the last quarter. Marco Investment Management LLC raised its stake in shares of MasTec by 28.2% during the 3rd quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company's stock worth $6,726,000 after purchasing an additional 6,955 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of MasTec by 50.0% during the 4th 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 in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of MasTec during the 3rd quarter worth approximately $1,870,000. Finally, Stephens Inc. AR raised its stake in shares of MasTec by 583.4% during the 3rd quarter. Stephens Inc. AR now owns 25,074 shares of the construction company's stock worth $5,336,000 after purchasing an additional 21,405 shares in the last quarter. Institutional investors own 78.10% of the company's stock.

MasTec Stock Performance

MTZ opened at $433.72 on Thursday. The firm has a market cap of $34.27 billion, a P/E ratio of 75.96 and a beta of 1.82. MasTec, Inc. has a 52-week low of $143.93 and a 52-week high of $441.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The business's fifty day moving average is $334.35 and its 200-day moving average is $263.62.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping 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 return on equity of 17.15% and a net margin of 2.94%.MasTec's quarterly revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Sell-side analysts expect that MasTec, Inc. will post 8.39 EPS for the current fiscal year.

Insider Transactions at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the sale, the director directly owned 10,592 shares of the company's stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the sale, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,450 shares of company stock valued at $3,512,759. 21.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Roth Mkm reiterated a "buy" rating and set a $450.00 price objective on shares of MasTec in a research note on Monday. Barclays upped their price objective on MasTec from $260.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 31st. Robert W. Baird upped their price objective on MasTec from $348.00 to $473.00 and gave the stock an "outperform" rating in a research note on Monday. Truist Financial boosted their target price on MasTec from $425.00 to $518.00 and gave the stock a "buy" rating in a report on Monday. Finally, Citigroup boosted their target price on MasTec from $440.00 to $483.00 and gave the stock a "buy" rating in a report on Monday. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, MasTec has a consensus rating of "Moderate Buy" and a consensus target price of $422.29.

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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