SPX Gestao de Recursos Ltda Takes $894,000 Position in MasTec, Inc. $MTZ

Key Points

• SPX Gestao de Recursos opened a new position in MasTec, buying 4,200 shares in Q3 valued at about $894,000.
• MasTec beat Q4 estimates (EPS $2.07; revenue $3.94B, +15.8% YoY), raised backlog to $18.96B (+$4.7B YoY) and issued FY 2026 guidance of 8.40 EPS, signaling stronger revenue visibility from infrastructure and clean‑energy work.
• Insider activity and mixed sentiment: Director Ernst N. Csiszar sold 6,500 shares (~$1.95M), trimming his stake ~27%, while analysts generally remain positive (consensus "Moderate Buy") despite a recent Zacks downgrade.

SPX Gestao de Recursos Ltda purchased a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,200 shares of the construction company's stock, valued at approximately $894,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salomon & Ludwin LLC raised its position in MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company's stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Caldwell Trust Co acquired a new position in MasTec during the 2nd quarter worth about $29,000. Parkside Financial Bank & Trust grew its stake in shares of MasTec by 253.7% during the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company's stock valued at $33,000 after purchasing an additional 137 shares during the last quarter. Evelyn Partners Asset Management Ltd bought a new position in MasTec in the 2nd quarter valued at $43,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of MasTec in the 3rd quarter valued at about $43,000. 78.10% of the stock is owned by institutional investors.

MasTec Stock Down 3.4%

MTZ stock opened at $285.39 on Friday. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $310.36. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $22.52 billion, a P/E ratio of 56.29 and a beta of 1.89. The firm has a 50-day moving average price of $253.65 and a 200-day moving average price of $220.47.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.13. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, equities research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Key Stories Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported a big increase in backlog — 18‑month backlog rose to $18.96B (up $4.7B year/year), signaling sustained demand across clean energy and power delivery projects that supports future revenue visibility. Read More.
• Positive Sentiment: Q4 results and FY guidance remain strong — MasTec beat Q4 revenue and EPS estimates and provided FY guidance, reinforcing growth expectations tied to infrastructure and AI/energy-related work. This helps justify recent analyst target increases. Read More.
• Positive Sentiment: Several firms raised price targets and reiterated buy/outperform views, lifting upside expectations and institutional interest (multiple target increases reported this week). Read More.
• Neutral Sentiment: Market commentary flagged profit‑taking after MasTec’s Q4 rally — some selling appears to be rotation tied to short‑term AI/infra enthusiasm rather than fundamental weakness. Read More.
• Negative Sentiment: Zacks Research downgraded MasTec from “strong‑buy” to “hold,” which can reduce buying from Zacks‑oriented investors and temper momentum. Read More.
• Negative Sentiment: Insider selling: Director Ernst N. Csiszar sold 6,500 shares (~$1.95M at ~$300.40), trimming his stake ~27%, a move that often spooks traders even if it isn’t company‑specific. Read More.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the sale, the director directly owned 17,235 shares of the company's stock, valued at approximately $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTZ. Zacks Research cut MasTec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Wolfe Research restated an "outperform" rating and set a $326.00 price objective on shares of MasTec in a report on Monday. Wall Street Zen raised MasTec from a "hold" rating to a "buy" rating in a research report on Sunday, February 22nd. Barclays boosted their price target on shares of MasTec from $240.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, January 23rd. Finally, KeyCorp increased their price objective on MasTec from $264.00 to $335.00 and gave the company an "overweight" rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, MasTec presently has a consensus rating of "Moderate Buy" and a consensus price target of $283.79.

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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