MasTec, Inc. $MTZ Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its MasTec position by 20.2% in the third quarter, selling 12,387 shares and retaining 49,064 shares valued at approximately $10.5 million. Institutional investors collectively own 78.1% of the company.
• Analysts maintain a generally positive view, with 19 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $365.10, despite several recent target-price cuts.
• MasTec exceeded quarterly expectations with $5.15 billion in revenue and $2.96 earnings per share, while revenue grew 29.9% year over year. However, delayed project activity led the company to reduce its full-year profit outlook, tempering the positive results.

Asset Management One Co. Ltd. decreased its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 20.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,064 shares of the construction company's stock after selling 12,387 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.06% of MasTec worth $10,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Latitude Advisors LLC bought a new stake in MasTec in the third quarter worth about $56,000. Center for Financial Planning Inc. bought a new stake in shares of MasTec in the third quarter valued at $85,000. Park Avenue Securities LLC lifted its position in shares of MasTec by 170.3% during the 3rd quarter. Park Avenue Securities LLC now owns 16,303 shares of the construction company's stock valued at $3,483,000 after buying an additional 10,272 shares during the last quarter. Hedeker Wealth LLC raised its stake in MasTec by 3.8% in the 3rd quarter. Hedeker Wealth LLC now owns 8,846 shares of the construction company's stock valued at $1,890,000 after acquiring an additional 323 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its holdings in MasTec by 1.6% during the third quarter. Kingswood Wealth Advisors LLC now owns 25,703 shares of the construction company's stock valued at $5,491,000 after purchasing an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on MTZ shares. TD Cowen lowered their price target on shares of MasTec from $420.00 to $320.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. UBS Group cut their price objective on shares of MasTec from $453.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Zacks Research lowered shares of MasTec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 26th. Truist Financial lowered their target price on shares of MasTec from $428.00 to $380.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $274.00 target price on shares of MasTec in a report on Thursday, October 22nd. Nineteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, MasTec currently has a consensus rating of "Moderate Buy" and a consensus target price of $365.10.

MasTec Price Performance

MasTec stock opened at $186.03 on Friday. The stock has a market cap of $14.94 billion, a price-to-earnings ratio of 30.40 and a beta of 1.84. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The business has a 50-day simple moving average of $215.62 and a 200 day simple moving average of $300.41. MasTec, Inc. has a 52 week low of $164.31 and a 52 week high of $441.43.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.01. MasTec had a return on equity of 18.85% and a net margin of 2.80%. The firm had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $4.94 billion. During the same quarter last year, the firm posted $2.48 EPS. The company's revenue was up 29.9% compared to the same quarter last year. On average, research analysts forecast that MasTec, Inc. will post 8.87 earnings per share for the current fiscal year.

Key Headlines Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Third-quarter revenue reached approximately $5.2 billion, while adjusted EBITDA was $486 million; both increased about 30% year over year and exceeded expectations. EPS of $2.96 also topped the roughly $2.94–$2.95 consensus. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Power Delivery was a key growth driver, and MasTec’s backlog rose approximately 46% year over year to a record $24.5 billion. The backlog supports visibility into future revenue and reinforces demand for the company’s infrastructure services. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength
• Neutral Sentiment: The earnings release and management’s earnings call highlighted continued opportunities tied to power infrastructure and data-center-related demand, although project timing remains an important factor for the near-term outlook. MasTec Q3 2026 Earnings Call Transcript
• Negative Sentiment: MasTec reduced its full-year 2026 profit outlook because pipeline delays are postponing expected project activity. That guidance cut limits the benefit of the quarterly beats and may keep investors focused on execution and project-start timing. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.

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