SBI Okasan Asset Management Co.Ltd. Invests $1.65 Million in MasTec, Inc. $MTZ

Key Points

• SBI Okasan Asset Management opened a new position in MasTec, buying 7,400 shares worth about $1.65 million in the fourth quarter.
• MasTec reported a strong quarter, with EPS of $1.39 and revenue of $3.83 billion, both beating estimates; revenue also rose 34.5% year over year.
• Wall Street remains bullish on the stock, with 19 Buy ratings, a consensus Moderate Buy, and an average price target of $459.28.

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 7,400 shares of the construction company's stock, valued at approximately $1,648,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 34,899 shares during the period. Geode Capital Management LLC raised its stake in shares of MasTec by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company's stock worth $265,395,000 after purchasing an additional 94,344 shares during the period. AQR Capital Management LLC raised its stake in shares of 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 purchasing an additional 108,504 shares during the period. First Trust Advisors LP raised its stake in shares of 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 purchasing an additional 350,228 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of 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 purchasing an additional 936,747 shares during the period. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Down 1.1%

MTZ stock opened at $383.43 on Friday. 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 firm has a market capitalization of $30.30 billion, a PE ratio of 67.15 and a beta of 1.82. MasTec, Inc. has a twelve month low of $152.43 and a twelve month high of $441.43. The stock has a 50-day simple moving average of $367.65 and a two-hundred day simple moving average of $285.62.

MasTec (NYSE:MTZ - Get Free Report) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company's quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. 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 predict that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MTZ shares. DA Davidson boosted their price objective on MasTec from $250.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Mizuho boosted their price objective on MasTec from $428.00 to $498.00 and gave the company an "outperform" rating in a research note on Tuesday, May 5th. Truist Financial boosted their price objective on MasTec from $425.00 to $518.00 and gave the company a "buy" rating in a research note on Monday, May 4th. The Goldman Sachs Group boosted their price objective on MasTec from $348.00 to $487.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $459.28.

Insider Buying and Selling at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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 owned 17,235 shares of the company's stock, valued at $5,177,394. The trade was a 27.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the transaction, the director directly owned 30,646 shares of the company's stock, valued at $12,779,382. The trade was a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,450 shares of company stock valued at $3,512,759 in the last quarter. 21.40% of the stock is currently owned by corporate insiders.

MasTec 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.