UBS Group AG Sells 33,107 Shares of MasTec, Inc. $MTZ

Key Points

• UBS Group AG trimmed its MasTec stake by 6.8%, selling 33,107 shares and now holds 451,003 shares (about 0.57%) valued at roughly $98.0 million; several company directors also sold stock recently.
• MasTec beat Q1 expectations, reporting $1.39 EPS vs. $0.98 consensus and $3.83B revenue (up ~34.5% YoY), and raised FY2026 guidance to EPS 8.79 with revenue around $17.5B.
• Wall Street is broadly bullish—multiple firms raised price targets and the stock has 17 Buy vs. 3 Hold ratings (average target $336)—but MTZ trades at a rich P/E (~73), which could increase downside risk if growth slows.

UBS Group AG decreased its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 451,003 shares of the construction company's stock after selling 33,107 shares during the quarter. UBS Group AG owned 0.57% of MasTec worth $98,035,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MTZ. Allspring Global Investments Holdings LLC boosted its holdings in shares of MasTec by 92.3% during 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 acquiring an additional 31,218 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings 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 buying an additional 2,158 shares during the period. Marco Investment Management LLC lifted its holdings in MasTec by 28.2% during the 3rd quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company's stock worth $6,726,000 after buying an additional 6,955 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in MasTec by 50.0% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company's stock worth $15,325,000 after buying an additional 23,500 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in MasTec during the 3rd quarter worth about $1,870,000. Institutional investors own 78.10% of the company's stock.

Insider Transactions at MasTec

In related news, Director Javier Alberto Palomarez sold 950 shares of the business's stock in a transaction dated Wednesday, March 25th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction dated 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 $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.40% of the company's stock.

Wall Street Analysts Forecast Growth

MTZ has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on MasTec from $271.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. Stifel Nicolaus lifted their price objective on MasTec from $335.00 to $401.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. UBS Group lifted their price objective on MasTec from $420.00 to $453.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on MasTec from $346.00 to $386.00 and gave the stock an "overweight" rating in a research report on Thursday, April 16th. Finally, DA Davidson lifted their price objective on MasTec from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $336.00.

MasTec News Summary

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q1 results beat expectations — MasTec reported $1.39 EPS vs. consensus ~$0.98 and revenue of $3.83B, ahead of estimates and up ~34.5% year-over-year, signaling accelerating demand. MarketBeat Q1 Summary
• Positive Sentiment: Management raised guidance — MasTec boosted FY 2026 EPS guidance to 8.79 (vs. consensus ~8.45) and issued higher revenue guidance (~$17.5B), and set Q2 EPS at 2.20 with revenue ~$4.3B, showing confidence in backlog and demand. Business Wire: Q1 Results & Guidance
• Positive Sentiment: Strong execution across end-markets — Management highlighted double-digit revenue and profit growth and strong customer demand across businesses on the earnings call, supporting the guidance raise. Earnings Call Transcript
• Neutral Sentiment: Analyst write-ups and snapshots — Coverage from Zacks, Yahoo and local press highlights the beat and upgraded outlook; useful context for estimates and style/valuation checks. Zacks: Key Metrics
• Negative Sentiment: Rich valuation creates risk — MTZ trades at a high P/E (market commentary notes elevated multiples after the rally), which could amplify downside if growth or margin progress slips. Yahoo Finance Coverage

MasTec Stock Performance

MTZ stock opened at $417.65 on Friday. MasTec, Inc. has a 1-year low of $136.88 and a 1-year high of $418.13. The firm has a market cap of $32.92 billion, a PE ratio of 73.14 and a beta of 1.82. The stock has a 50-day moving average price of $328.15 and a 200-day moving average price of $259.98. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.41. MasTec had a return on equity of 17.50% and a net margin of 2.94%.The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $0.51 EPS. The firm's revenue was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, equities research analysts expect that MasTec, Inc. will post 8.2 earnings per share for the current year.

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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