MasTec, Inc. $MTZ Shares Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings cut its MasTec stake by 76.4% in Q3, selling 13,833 shares and leaving 4,270 shares worth about $909,000 at quarter-end.
• MasTec beat expectations for the quarter with EPS of $2.07 (vs. $1.94 est.) and revenue of $3.94B (vs. $3.71B), set FY2026 EPS guidance at 8.40, and has seen multiple analyst price-target increases (average target ~$283.79).
• Insider Director Ernst N. Csiszar sold 6,500 shares at $300.40 (≈$1.95M), while the stock was trading up ~4.3% and has a market cap of ~$23.5B and a P/E of 58.76.

Crossmark Global Holdings Inc. decreased its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 76.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,270 shares of the construction company's stock after selling 13,833 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in MasTec were worth $909,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MTZ. Allspring Global Investments Holdings LLC lifted its stake in shares of MasTec by 92.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 65,027 shares of the construction company's stock valued at $13,981,000 after purchasing an additional 31,218 shares in the last quarter. Thrivent Financial for Lutherans increased its position in 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. Bridge City Capital LLC raised its holdings in MasTec by 27.2% in the second quarter. Bridge City Capital LLC now owns 49,357 shares of the construction company's stock valued at $8,412,000 after buying an additional 10,565 shares during the period. Marco Investment Management LLC raised its holdings in MasTec by 28.2% in the third quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company's stock valued at $6,726,000 after buying an additional 6,955 shares during the period. Finally, Schroder Investment Management Group acquired a new position in MasTec during the second quarter valued at approximately $12,366,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Stock Up 4.3%

NYSE:MTZ opened at $297.93 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32. The company has a market capitalization of $23.51 billion, a price-to-earnings ratio of 58.76 and a beta of 1.88. MasTec, Inc. has a one year low of $99.70 and a one year high of $310.36. The stock has a 50-day simple moving average of $255.16 and a 200 day simple moving average of $222.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.13. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The company's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $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. Sell-side analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on MTZ. Wall Street Zen raised shares of MasTec from a "hold" rating to a "buy" rating in a research report on Sunday, February 22nd. Cantor Fitzgerald raised their price objective on MasTec from $274.00 to $347.00 and gave the company an "overweight" rating in a research report on Monday, March 2nd. DA Davidson increased their target price on MasTec from $250.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. TD Cowen raised their target price on MasTec from $225.00 to $320.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Finally, Barclays boosted their price target on MasTec from $240.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, MasTec currently has an average rating of "Moderate Buy" and an average price target of $283.79.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm'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 transaction of $1,952,600.00. Following the transaction, the director owned 17,235 shares in the company, valued at $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.30% of the stock is owned by corporate insiders.

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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