Landscape Capital Management L.L.C. Buys Shares of 3,778 MasTec, Inc. $MTZ

Landscape Capital Management L.L.C. purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,778 shares of the construction company’s stock, valued at approximately $1,572,000.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in MasTec during the fourth quarter valued at approximately $227,000. NewEdge Advisors LLC raised its stake in MasTec by 32.6% in the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after buying an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC bought a new position in MasTec in the second quarter worth approximately $271,000. Northwestern Mutual Wealth Management Co. lifted its holdings in MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after buying an additional 182 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in MasTec by 793.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after buying an additional 912 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Stock Down 1.8%

MTZ stock opened at $266.89 on Friday. The stock has a market capitalization of $21.43 billion, a PE ratio of 42.57 and a beta of 1.81. MasTec, Inc. has a 52 week low of $171.05 and a 52 week high of $441.43. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $337.60 and a 200 day moving average of $336.97.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter 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. Sell-side analysts forecast that MasTec, Inc. will post 8.91 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on MTZ shares. Robert W. Baird dropped their target price on MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. B. Riley Financial reissued a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Guggenheim upped their price objective on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Mizuho dropped their price objective on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th. Finally, Citigroup cut their target price on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $427.32.

Insider Activity

In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction on 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 transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 21.40% of the stock is currently owned by insiders.

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.