Lighthouse Investment Partners LLC Takes $6.92 Million Position in MasTec, Inc. $MTZ

Lighthouse Investment Partners LLC bought a new stake in MasTec, Inc. (NYSE:MTZ) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 32,500 shares of the construction company’s stock, valued at approximately $6,916,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after purchasing an additional 34,899 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of MasTec by 6.1% in the 2nd quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company’s stock valued at $300,817,000 after purchasing an additional 102,072 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in shares of MasTec by 8.9% in the 2nd quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company’s stock valued at $288,479,000 after purchasing an additional 138,269 shares during the last quarter. AQR Capital Management LLC boosted its position 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 valued at $181,961,000 after purchasing an additional 108,504 shares during the period. Finally, First Trust Advisors LP grew its stake in MasTec by 52.1% during the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after buying an additional 350,228 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTZ has been the topic of several research analyst reports. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Cantor Fitzgerald raised their target price 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. DA Davidson lifted their target price on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Jefferies Financial Group upped their price target on shares of MasTec from $271.00 to $348.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wolfe Research reiterated an “outperform” rating and set a $326.00 price target on shares of MasTec in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, MasTec currently has an average rating of “Moderate Buy” and a consensus price target of $288.84.

MasTec Stock Up 3.6%

MTZ opened at $300.47 on Tuesday. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $310.36. The business has a 50 day moving average price of $262.68 and a two-hundred day moving average price of $226.15. 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 market cap of $23.70 billion, a PE ratio of 59.26 and a beta of 1.88.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share 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 period last year, the business posted $1.44 EPS. The company’s 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, research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other MasTec 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 value 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.30% of the stock is currently owned by company insiders.

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.