Vanguard Group Inc. Has $1.29 Billion Stock Position in MasTec, Inc. $MTZ

Key Points

• Vanguard trimmed its stake by 1.2% to 5,932,754 shares, owning roughly $1.29 billion of MasTec (about 7.52% of the company) after selling 74,438 shares in Q4.
• MasTec beat Q1 earnings and revenue estimates and raised full‑year guidance (with elevated revenue guidance ~$17.5B), a near‑term catalyst that helped the stock rally.
• Wall Street sentiment is positive (17 Buys vs. 3 Holds, consensus target ~$334.17), but the stock trades at a rich valuation (PE ~77.8), leaving it vulnerable to multiple compression if growth slows.

Vanguard Group Inc. reduced its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,932,754 shares of the construction company's stock after selling 74,438 shares during the quarter. Vanguard Group Inc. owned approximately 7.52% of MasTec worth $1,289,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTZ. Salomon & Ludwin LLC increased its position in MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company's stock valued at $26,000 after acquiring an additional 93 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec in the 4th quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new position in MasTec in the 3rd quarter valued at approximately $49,000. Northwestern Mutual Wealth Management Co. increased its position in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company's stock valued at $61,000 after acquiring an additional 182 shares during the period. Finally, CI Investments Inc. increased its position in MasTec by 39.9% in the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company's stock valued at $68,000 after acquiring an additional 91 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of MasTec in a research report on Friday, March 27th. Cantor Fitzgerald increased their price objective on shares of MasTec from $274.00 to $347.00 and gave the stock an "overweight" rating in a research report on Monday, March 2nd. TD Cowen increased their price objective on shares of MasTec from $225.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Barclays increased their price objective on shares of MasTec from $260.00 to $340.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen upgraded shares of MasTec from a "hold" rating to a "buy" rating in a research report on Sunday, February 22nd. 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, MasTec currently has a consensus rating of "Moderate Buy" and a consensus target price of $334.17.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares of the company's stock, valued at $5,177,394. This represents a 27.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is owned by corporate insiders.

Key MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q1 results beat expectations — MasTec reported $1.39 EPS vs. the Zacks consensus $0.98 and revenue of $3.83B vs. the $3.47B estimate, with revenue up ~34.5% year-over-year. The upside in both top and bottom line is the main near-term catalyst. MasTec (MTZ) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management raised guidance — MasTec increased FY‑2026 EPS guidance to 8.79 (above consensus ~8.45) and raised revenue guidance to $17.5B; Q2 EPS/revenue guidance was also ahead of Street views. The guidance lift signals sustained demand across end markets and supports a re-rating. MasTec Reports First Quarter 2026 Results and Increases Full Year 2026 Financial Guidance
• Positive Sentiment: Operational detail and investor materials available — Company press release and slide deck show margin improvement (net margin ~2.8%) and ~15.6% ROE, giving investors more confidence in execution on large backlog and public/private project demand. MasTec Q1 2026 Press Release / Slide Deck
• Neutral Sentiment: Analyst/sector context — Pre- and post-earnings pieces note MasTec as a strong growth name within construction/public-project exposure; investors should weigh growth vs. cyclical risks. Here's Why MasTec (MTZ) is a Strong Growth Stock
• Neutral Sentiment: Pre-earnings commentary and valuation checks were widely published ahead of results; these framed expectations that the company has now exceeded. What To Expect From MasTec’s (MTZ) Q1 Earnings
• Negative Sentiment: Valuation and premium multiple — Even after the beat, MasTec trades at a elevated P/E vs. historical averages (background P/E ~77.8); some investors may view the stock as richly priced and vulnerable to multiple compression if growth slows. A Look At MasTec (MTZ) Valuation As Q1 2026 Earnings Expectations Run High

MasTec Trading Up 6.4%

MTZ opened at $394.18 on Friday. MasTec, Inc. has a twelve month low of $131.68 and a twelve month high of $401.19. 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 company has a fifty day moving average of $328.15 and a 200-day moving average of $259.59. The stock has a market cap of $31.07 billion, a PE ratio of 77.75 and a beta of 1.80.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping the consensus estimate 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%. MasTec's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, sell-side analysts predict that MasTec, Inc. will post 8.2 EPS for the current year.

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.

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