Daiwa Securities Group Inc. Has $13.80 Million Stake in MasTec, Inc. $MTZ

by · The Markets Daily

Daiwa Securities Group Inc. reduced its position in shares of MasTec, Inc. (NYSE:MTZ – Free Report) by 29.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,469 shares of the construction company’s stock after selling 26,078 shares during the period. Daiwa Securities Group Inc.’s holdings in MasTec were worth $13,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in MasTec during the 4th quarter worth approximately $30,000. Covestor Ltd raised its holdings in MasTec by 102.6% in the 4th quarter. Covestor Ltd now owns 314 shares of the construction company’s stock valued at $68,000 after acquiring an additional 159 shares in the last quarter. CI Investments Inc. raised its holdings 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 in the last quarter. Harbour Investments Inc. raised its holdings in MasTec by 671.4% in the 4th quarter. Harbour Investments Inc. now owns 324 shares of the construction company’s stock valued at $70,000 after acquiring an additional 282 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings 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 in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value 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 trade represents a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 10,450 shares of company stock valued at $3,972,764. 21.40% of the stock is owned by company insiders.

MasTec Stock Down 2.9%

Shares of MasTec stock opened at $363.70 on Friday. MasTec, Inc. has a one year low of $153.82 and a one year high of $441.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The stock’s 50-day moving average is $374.48 and its 200 day moving average is $292.25. The firm has a market cap of $28.74 billion, a price-to-earnings ratio of 63.70 and a beta of 1.77.

MasTec (NYSE:MTZ – Get Free Report) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that MasTec, Inc. will post 8.51 EPS for the current year.

Analyst Ratings Changes

MTZ has been the topic of several recent analyst reports. Wall Street Zen upgraded MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. DA Davidson boosted 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. Jefferies Financial Group restated a “buy” rating and set a $493.00 price objective on shares of MasTec in a research report on Monday, May 4th. TD Cowen upped their price target on MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, MasTec presently has a consensus rating of “Buy” and an average target price of $459.28.

View Our Latest Report on MTZ

About MasTec

(Free Report)

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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