Reliant Investment Partners LLC Takes $1.09 Million Position in MasTec, Inc. $MTZ

Reliant Investment Partners LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,633 shares of the construction company’s stock, valued at approximately $1,095,000.

Several other institutional investors and hedge funds have also bought and sold shares of MTZ. Earned Wealth Advisors LLC raised its stake in MasTec by 2.8% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after buying an additional 28 shares during the period. Aigen Investment Management LP grew its stake in MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after acquiring an additional 38 shares during the period. Everhart Financial Group Inc. increased its holdings in shares of MasTec by 5.4% during the second quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after acquiring an additional 45 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after acquiring an additional 47 shares in the last quarter. Finally, Williamson Legacy Group LLC raised its position in shares of MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after purchasing an additional 52 shares during the period. 78.10% of the stock is owned by institutional investors.

MasTec Price Performance

Shares of NYSE MTZ opened at $271.03 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The stock has a market cap of $21.77 billion, a PE ratio of 43.23 and a beta of 1.81. MasTec, Inc. has a fifty-two week low of $171.05 and a fifty-two week high of $441.43. The stock has a fifty day moving average of $339.52 and a 200-day moving average of $337.46.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Equities research analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on MTZ. TD Cowen dropped their price target on shares of MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Citigroup decreased their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Truist Financial reissued a “buy” rating and issued a $428.00 price objective (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Roth Capital restated a “buy” rating and issued a $450.00 target price on shares of MasTec in a report on Monday, May 4th. Finally, Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $427.32.

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 21.40% of the stock is owned by corporate insiders.

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.