JPMorgan Chase & Co. Has $45.05 Million Holdings in MasTec, Inc. $MTZ

Key Points

• JPMorgan Chase & Co. reduced its stake in MasTec by 44.4% in Q3, selling 169,315 shares and now holding 211,695 shares worth about $45.05 million (roughly 0.27% of the company).
• Multiple analysts raised price targets and ratings (e.g., Citigroup to $350, Mizuho to $362), leaving an average target of $295.72 and a consensus "Moderate Buy" (17 Buys, 3 Holds).
• MasTec topped quarterly estimates with $2.07 EPS (vs. $1.94 est.) and $3.94B revenue (up 15.8% YoY), and issued FY 2026 guidance of 8.40 EPS, indicating continued growth momentum.

JPMorgan Chase & Co. decreased its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 44.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 211,695 shares of the construction company's stock after selling 169,315 shares during the quarter. JPMorgan Chase & Co. owned about 0.27% of MasTec worth $45,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC raised its stake in MasTec by 344.4% during the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company's stock worth $26,000 after buying an additional 93 shares during the last quarter. Caldwell Trust Co bought a new stake in MasTec during the second quarter valued at $29,000. Evelyn Partners Asset Management Ltd bought a new stake in MasTec during the second quarter valued at $43,000. Princeton Global Asset Management LLC acquired a new stake in MasTec during the 3rd quarter worth about $43,000. Finally, Root Financial Partners LLC bought a new position in shares of MasTec in the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 78.10% of the company's stock.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction 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 transaction, the director directly owned 17,235 shares in the company, valued at $5,177,394. This trade represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 21.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MTZ has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on MasTec from $284.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Mizuho raised their target price on MasTec from $254.00 to $362.00 and gave the stock an "outperform" rating in a research note on Monday, March 2nd. DA Davidson lifted their target price on MasTec from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Robert W. Baird boosted their price target on MasTec from $249.00 to $348.00 and gave the company an "outperform" rating in a research note on Monday, March 2nd. Finally, Wolfe Research restated an "outperform" rating and set a $326.00 price target on shares of MasTec in a report on Monday, March 2nd. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $295.72.

MasTec Stock Performance

Shares of MTZ opened at $300.79 on Friday. MasTec, Inc. has a one year low of $99.70 and a one year high of $316.19. The company has a market cap of $23.73 billion, a PE ratio of 59.33 and a beta of 1.89. The stock has a 50-day moving average of $268.88 and a 200-day moving average of $228.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the business earned $1.44 EPS. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. 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, equities research analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

About MasTec

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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