Wedge Capital Management L L P NC Lowers Position in MasTec, Inc. $MTZ

Key Points

• Wedge Capital reduced its stake in MasTec by 11.1% in Q4, selling 4,748 shares and ending the period with 38,155 shares valued at $8.294 million.
• MasTec beat Q4 estimates, reporting $2.07 EPS (vs. $1.94 est.) and $3.94 billion in revenue (up 15.8% YoY), and set FY 2026 guidance at 8.40 EPS.
• Multiple analysts raised price targets (as high as $362) and MarketBeat shows a consensus "Moderate Buy" target of $295.72; insiders have recently sold shares while institutional investors hold 78.10% and insiders own 21.30% of the stock.

Wedge Capital Management L L P NC decreased its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,155 shares of the construction company's stock after selling 4,748 shares during the period. Wedge Capital Management L L P NC's holdings in MasTec were worth $8,294,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of MasTec by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company's stock worth $1,278,391,000 after buying an additional 34,899 shares during the period. Invesco Ltd. boosted its holdings in MasTec by 6.1% in the second quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company's stock valued at $300,817,000 after acquiring an additional 102,072 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in MasTec by 8.9% in the second quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company's stock valued at $288,479,000 after acquiring an additional 138,269 shares during the last quarter. AQR Capital Management LLC grew its position in MasTec by 11.3% during the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company's stock valued at $181,961,000 after acquiring an additional 108,504 shares during the period. Finally, First Trust Advisors LP increased its stake in MasTec by 52.1% during the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company's stock worth $217,529,000 after acquiring an additional 350,228 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Price Performance

MTZ stock opened at $316.66 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $328.69. The firm has a market cap of $24.98 billion, a P/E ratio of 62.46 and a beta of 1.89. The stock has a 50-day simple moving average of $277.40 and a 200-day simple moving average of $234.12.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.94 by $0.13. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.MasTec's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. 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, equities analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MTZ. Cantor Fitzgerald raised their price objective on MasTec from $274.00 to $347.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. Robert W. Baird increased their target price on shares of MasTec from $249.00 to $348.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. Mizuho raised their price target on shares of MasTec from $254.00 to $362.00 and gave the company an "outperform" rating in a report on Monday, March 2nd. KeyCorp lifted their price target on shares of MasTec from $264.00 to $335.00 and gave the company an "overweight" rating in a research report on Monday, March 2nd. Finally, Zacks Research downgraded shares of MasTec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MasTec presently has an average rating of "Moderate Buy" and a consensus target price of $295.72.

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business's 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 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 available at this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of the company's stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares of the company's stock, valued at $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.30% of the company's stock.

About MasTec

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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