MasTec, Inc. $MTZ Stock: Community Trust & Investment Co. Increases Holdings

Community Trust & Investment Co. lifted its stake in MasTec, Inc. (NYSE:MTZ) by 26.2% in the third quarter, HoldingsChannel reports. The firm owned 93,066 shares of the construction company’s stock after purchasing an additional 19,303 shares during the period. Community Trust & Investment Co.’s holdings in MasTec were worth $19,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TFR Capital LLC. acquired a new stake in shares of MasTec in the second quarter valued at about $1,978,000. Bruni J V & Co. Co. acquired a new stake in MasTec in the 2nd quarter valued at $6,708,968. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of MasTec by 93.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 13,229 shares of the construction company’s stock worth $5,504,000 after buying an additional 6,400 shares in the last quarter. Bank of America Corp DE acquired a new stake in MasTec during the 2nd quarter valued at $555,825,000. Finally, Pinnbrook Capital Management LP bought a new position in shares of MasTec in the second quarter valued at about $11,335,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Trading Down 1.6%

MTZ opened at $191.41 on Friday. The company has a fifty day moving average of $236.74 and a 200-day moving average of $320.56. MasTec, Inc. has a twelve month low of $182.34 and a twelve month high of $441.43. The stock has a market cap of $15.37 billion, a PE ratio of 25.03 and a beta of 1.84. 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 (NYSE:MTZ) last released its 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 firm’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, sell-side analysts predict that MasTec, Inc. will post 8.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MTZ shares. Morgan Stanley set a $369.00 target price on shares of MasTec in a research note on Friday, July 31st. UBS Group lowered their price target on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $348.00 price target on shares of MasTec in a research note on Monday. Robert W. Baird decreased their price objective on MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Finally, Mizuho set a $352.00 price objective on MasTec in a research note on Wednesday, October 7th. Nineteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.25.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.