Teacher Retirement System of Texas Reduces Stock Position in MasTec, Inc. $MTZ

Key Points

• Teacher Retirement System of Texas cut its MasTec stake by 79.9% in Q4, selling 44,632 shares and leaving it with 11,250 shares valued at $2.445 million.
• Other large institutions (Vanguard, AQR, First Trust, Victory, Merewether) increased their MasTec positions, leaving total institutional ownership at 78.10%, indicating broad institutional support despite the Texas pension’s sale.
• MasTec beat Q4 EPS and revenue estimates (EPS $2.07 vs. $1.94; revenue +15.8% YoY), provided FY2026 EPS guidance of 8.40, and saw multiple analyst price-target raises—consensus target about $334.17 with a "Moderate Buy" rating.

Teacher Retirement System of Texas trimmed its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 79.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,250 shares of the construction company's stock after selling 44,632 shares during the quarter. Teacher Retirement System of Texas' holdings in MasTec were worth $2,445,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company's stock valued at $1,278,391,000 after purchasing an additional 34,899 shares during the period. AQR Capital Management LLC boosted its holdings in shares of MasTec by 11.3% in 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 boosted its holdings in shares of MasTec by 52.1% in 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. Victory Capital Management Inc. increased its position 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 valued at $201,295,000 after purchasing an additional 936,747 shares during the last quarter. Finally, Merewether Investment Management LP increased its position in shares of MasTec by 59.8% during the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company's stock valued at $184,557,000 after purchasing an additional 324,500 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

MasTec Price Performance

MTZ opened at $385.95 on Tuesday. The business has a fifty day moving average of $321.52 and a 200 day moving average of $256.60. MasTec, Inc. has a 52-week low of $121.82 and a 52-week high of $388.57. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The stock has a market cap of $30.42 billion, a P/E ratio of 76.12 and a beta of 1.80.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the company posted $1.44 EPS. MasTec's quarterly revenue was up 15.8% on a year-over-year basis. 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, sell-side analysts anticipate that MasTec, Inc. will post 8.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho raised their price target on MasTec from $254.00 to $362.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. Citigroup boosted their price objective on shares of MasTec from $350.00 to $440.00 and gave the company a "buy" rating in a research report on Monday. Barclays increased their target price on shares of MasTec from $260.00 to $340.00 and gave the company an "overweight" rating in a research note on Tuesday, March 31st. DA Davidson lifted their price target on shares of MasTec from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Finally, UBS Group upped their price target on shares of MasTec from $354.00 to $420.00 and gave the company a "buy" rating in a report on Monday, April 13th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $334.17.

Insider Activity

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the business's 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 sale, the director directly owned 10,592 shares of the company's stock, valued at $3,446,954.56. The trade was a 8.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the company's 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 in the company, valued at $5,177,394. This represents a 27.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 21.40% of the company's stock.

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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