Bull Harbor Capital LLC Invests $902,000 in MasTec, Inc. $MTZ

Bull Harbor Capital LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 2,802 shares of the construction company’s stock, valued at approximately $902,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTZ. Migdal Insurance & Financial Holdings Ltd. bought a new position in MasTec during the fourth quarter worth about $30,000. Ascentis Independent Advisors bought a new stake in shares of MasTec in the 1st quarter valued at approximately $30,000. CIBC Private Wealth Group LLC grew its stake in shares of MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in shares of MasTec in the 1st quarter worth approximately $65,000. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Up 13.0%

Shares of MTZ opened at $324.88 on Friday. The company has a market capitalization of $25.67 billion, a P/E ratio of 56.90 and a beta of 1.77. MasTec, Inc. has a one year low of $160.08 and a one year high of $441.43. The business’s 50 day simple moving average is $367.93 and its 200-day simple moving average is $333.67. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

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 analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the business earned $1.49 earnings per share. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, sell-side analysts predict that MasTec, Inc. will post 9.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Cantor Fitzgerald raised their target price on MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. UBS Group lifted their price objective on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 target price on shares of MasTec in a report on Monday, May 4th. One equities 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 MarketBeat, MasTec has a consensus rating of “Buy” and an average target price of $466.89.

Insider Buying and Selling at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the sale, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is currently owned by corporate insiders.

Trending Headlines about MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Raised outlook above estimates: MasTec projected full-year 2026 adjusted EPS of $9.30 and revenue of $18.2 billion, above consensus estimates of $8.77 and $17.5 billion. Third-quarter guidance of $2.98 EPS and $4.9 billion in revenue also topped estimates of $2.74 and $4.7 billion. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Strong quarterly growth: Second-quarter revenue reached $4.37 billion, up 23.4% year over year and ahead of the $4.30 billion estimate. Adjusted EBITDA margin expanded by 100 basis points, while management cited broad-based growth, improved execution and backlog development. EPS rose to $2.22 from $1.49 a year earlier and beat the Zacks consensus of $2.19. MasTec Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Analyst sentiment improved: Zacks Research upgraded MasTec from “Hold” to “Strong Buy,” adding to the positive reaction to the earnings release.
• Neutral Sentiment: Board addition: Alex Spiro, a legal and corporate-governance adviser to major companies, joined MasTec’s board. The appointment may support governance and strategic oversight but is not expected to materially affect near-term results. MasTec Announces the Appointment of Alex Spiro to Its Board of Directors
• Negative Sentiment: Minor EPS shortfall versus one estimate: MasTec’s $2.22 quarterly EPS was narrowly below the broader consensus estimate of $2.23, and the company’s low 2.94% net margin and elevated valuation could limit upside if execution or growth slows.

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.