Ritholtz Wealth Management Has $2.47 Million Stake in MasTec, Inc. $MTZ

Key Points

• Ritholtz Wealth Management increased its stake in MasTec by 35.1%, owning 11,349 shares worth about $2.47 million at the end of the quarter.
• MasTec beat Q4 estimates with EPS of $2.07 (vs. $1.94) and revenue of $3.94 billion (+15.8% YoY), and set FY2026 guidance at about 8.4 EPS
• Corporate insiders recently sold shares (e.g., directors Javier Palomarez and Ernst Csiszar), institutional ownership is ~78.1% while insiders hold ~21.3%, and analysts are largely positive with an average price target of $300.17.

Ritholtz Wealth Management boosted its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,349 shares of the construction company's stock after acquiring an additional 2,948 shares during the period. Ritholtz Wealth Management's holdings in MasTec were worth $2,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in MasTec by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company's stock worth $1,278,391,000 after acquiring an additional 34,899 shares during the last quarter. AQR Capital Management LLC lifted its position in MasTec by 11.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company's stock worth $181,961,000 after acquiring an additional 108,504 shares during the last quarter. First Trust Advisors LP lifted its position in MasTec by 52.1% during the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company's stock worth $217,529,000 after acquiring an additional 350,228 shares during the last quarter. Victory Capital Management Inc. lifted its position in MasTec by 9,550.8% during the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company's stock worth $201,295,000 after acquiring an additional 936,747 shares during the last quarter. Finally, Merewether Investment Management LP lifted its position in MasTec by 59.8% during the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company's stock worth $184,557,000 after acquiring an additional 324,500 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

Insider Activity

In related news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares of the company's stock, valued at $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director directly owned 17,235 shares of the company's stock, valued at $5,177,394. This trade represents a 27.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.30% of the company's stock.

MasTec Stock Performance

NYSE:MTZ opened at $361.28 on Monday. MasTec, Inc. has a 52-week low of $109.68 and a 52-week high of $365.49. The company has a market cap of $28.48 billion, a price-to-earnings ratio of 71.26 and a beta of 1.80. 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 firm's 50-day moving average is $296.19 and its 200-day moving average is $244.27.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of MasTec from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 4th. Mizuho boosted their target price on shares of MasTec from $254.00 to $362.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. Cantor Fitzgerald boosted their price objective on shares of MasTec from $274.00 to $347.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. Jefferies Financial Group boosted their price objective on shares of MasTec from $271.00 to $348.00 and gave the stock a "buy" rating in a report on Friday, March 13th. Finally, Robert W. Baird boosted their price objective on shares of MasTec from $249.00 to $348.00 and gave the stock an "outperform" rating in a report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $300.17.

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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