Daiichi Life Insurance Co. Ltd. Invests $969,000 in MasTec, Inc. $MTZ

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, Holdings Channel reports. The fund acquired 2,328 shares of the construction company’s stock, valued at approximately $969,000.

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

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred 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 sale, the director owned 10,816 shares of the company’s stock, valued at $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 available through the SEC website. 21.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MTZ shares. Stifel Nicolaus set a $455.00 price objective on MasTec in a research note on Monday, May 4th. Morgan Stanley set a $369.00 target price on MasTec in a research note on Friday, July 31st. Roth Capital reissued a “buy” rating and issued a $450.00 price target on shares of MasTec in a report on Monday, May 4th. The Goldman Sachs Group dropped their price target on MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, CICC Research initiated coverage on shares of MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, MasTec has a consensus rating of “Buy” and an average price target of $427.32.

MasTec Stock Down 4.2%

MTZ opened at $255.21 on Tuesday. The company has a market capitalization of $20.50 billion, a PE ratio of 40.70 and a beta of 1.82. The firm has a 50-day simple moving average of $335.27 and a two-hundred day simple moving average of $337.66. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 52 week low of $171.05 and a 52 week high of $441.43.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) 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 last year, the firm posted $1.49 earnings per share. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Analysts forecast that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

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.