OMERS ADMINISTRATION Corp Invests $1.40 Million in MasTec, Inc. $MTZ

OMERS ADMINISTRATION Corp bought a new stake in MasTec, Inc. (NYSE:MTZ) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,365 shares of the construction company’s stock, valued at approximately $1,400,000.

Several other large investors have also modified their holdings of the stock. Gables Capital Management Inc. lifted its holdings in shares of MasTec by 30.3% in the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after purchasing an additional 4,900 shares during the last quarter. TFR Capital LLC. bought a new position in shares of MasTec during the second quarter worth about $1,978,000. Swedbank AB increased its holdings in shares of MasTec by 5.2% in the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock worth $13,977,000 after acquiring an additional 3,200 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of MasTec by 463.6% in the 4th quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock worth $2,940,000 after acquiring an additional 11,127 shares during the period. Finally, Ameritas Advisory Services LLC lifted its position in MasTec by 4,223.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock valued at $601,000 after purchasing an additional 2,703 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Up 1.2%

MTZ opened at $249.71 on Thursday. 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 company has a market capitalization of $20.05 billion, a PE ratio of 39.83 and a beta of 1.81. The stock’s fifty day moving average is $330.30 and its 200-day moving average is $337.78. MasTec, Inc. has a one year low of $171.05 and a one year high of $441.43.

MasTec (NYSE:MTZ) last announced its 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). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $1.49 EPS. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. On average, equities analysts predict that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MTZ shares. Weiss Ratings downgraded MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Stifel Nicolaus set a $455.00 target price on MasTec in a research report on Monday, May 4th. Cantor Fitzgerald boosted their price target on MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. Finally, UBS Group lowered their price target on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, MasTec presently has an average rating of “Buy” and a consensus target price of $427.32.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the transaction, 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 sale was disclosed in a document filed 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.