Wedge Capital Management L L P NC Decreases Stake in MasTec, Inc. $MTZ

Wedge Capital Management L L P NC cut its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,999 shares of the construction company’s stock after selling 5,570 shares during the quarter. Wedge Capital Management L L P NC’s holdings in MasTec were worth $10,401,000 at the end of the most recent reporting period.

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

MasTec Trading Up 3.3%

MTZ opened at $281.67 on Thursday. MasTec, Inc. has a one year low of $167.66 and a one year high of $441.43. The business’s 50 day moving average price is $348.27 and its 200 day moving average price is $335.75. The stock has a market capitalization of $22.62 billion, a PE ratio of 44.92 and a beta of 1.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

MasTec (NYSE:MTZ) last issued its quarterly earnings data 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 business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, equities research analysts expect that MasTec, Inc. will post 8.91 EPS for the current year.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of recent research reports. TD Cowen lowered their price objective on MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Citigroup reduced their price target on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. CICC Research began coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. Finally, Truist Financial reissued a “buy” rating and issued a $428.00 price objective (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, MasTec currently has an average rating of “Buy” and an average price target of $427.32.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.40% of the stock is currently owned by company insiders.

MasTec 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.