Fidelis Capital Partners LLC Acquires 3,163 Shares of MasTec, Inc. $MTZ

Key Points

• Fidelis Capital Partners increased its MasTec stake by 36% in the fourth quarter, buying 3,163 additional shares and bringing its total holdings to 11,952 shares worth about $2.6 million.
• MasTec insiders have been selling stock recently, including director Ernst N. Csiszar and director C. Robert Campbell, with total insider sales of 10,450 shares worth roughly $3.5 million over the past 90 days.
• Analysts remain bullish on MasTec after strong earnings, with the company beating Q1 EPS and revenue estimates and receiving multiple price-target hikes; consensus rating is currently Moderate Buy.

Fidelis Capital Partners LLC lifted its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 36.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,952 shares of the construction company's stock after acquiring an additional 3,163 shares during the period. Fidelis Capital Partners LLC's holdings in MasTec were worth $2,598,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec during the 4th quarter worth about $30,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company's stock worth $61,000 after acquiring an additional 182 shares during the period. CI Investments Inc. lifted its holdings in shares of MasTec by 39.9% during the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company's stock worth $68,000 after acquiring an additional 91 shares during the period. Covestor Ltd lifted its holdings in shares of MasTec by 102.6% during the 4th quarter. Covestor Ltd now owns 314 shares of the construction company's stock worth $68,000 after acquiring an additional 159 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of MasTec by 671.4% during the 4th quarter. Harbour Investments Inc. now owns 324 shares of the construction company's stock worth $70,000 after acquiring an additional 282 shares during the period. 78.10% of the stock is owned by institutional investors.

Insider Buying and Selling at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction dated 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 directly owned 17,235 shares in the company, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction dated 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 transaction, the director 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,450 shares of company stock worth $3,512,759 over the last ninety days. Corporate insiders own 21.40% of the company's stock.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of MasTec from $440.00 to $483.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Barclays raised their price objective on shares of MasTec from $260.00 to $340.00 and gave the stock an "overweight" rating in a report on Tuesday, March 31st. DA Davidson raised their price objective on shares of MasTec from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Wall Street Zen raised shares of MasTec from a "hold" rating to a "buy" rating in a report on Sunday, February 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of MasTec from $471.00 to $491.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $459.28.

MasTec Price Performance

NYSE:MTZ opened at $388.05 on Thursday. The firm has a market cap of $30.66 billion, a PE ratio of 67.96 and a beta of 1.82. MasTec, Inc. has a 12 month low of $152.43 and a 12 month high of $441.43. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The company's 50-day moving average price is $366.07 and its two-hundred day moving average price is $284.33.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS 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 company's revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, equities analysts anticipate that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

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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