Korea Investment CORP Invests $19.01 Million in MasTec, Inc. $MTZ

Korea Investment CORP acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 45,696 shares of the construction company’s stock, valued at approximately $19,012,000.

A number of other large investors also recently modified their holdings of MTZ. Bell Investment Advisors Inc bought a new position in MasTec in the 2nd quarter worth $32,000. Ascentis Independent Advisors bought a new stake in MasTec during the first quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new position in shares of MasTec in the first quarter valued at about $65,000. Harbor Investment Advisory LLC lifted its position in shares of MasTec by 486.1% in the second quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock valued at $88,000 after acquiring an additional 175 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insider Transactions at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their position. 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 insiders.

MasTec Trading Up 0.2%

Shares of MasTec stock opened at $266.89 on Monday. MasTec, Inc. has a twelve month low of $171.05 and a twelve month high of $441.43. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $337.60 and a 200-day moving average price of $337.62. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 42.57 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the firm posted $1.49 earnings per share. MasTec’s quarterly revenue 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. Equities research analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Cantor Fitzgerald increased 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. Morgan Stanley set a $369.00 price target on MasTec in a report on Friday, July 31st. TD Cowen dropped their price target on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Guggenheim increased their price objective on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Stifel Nicolaus set a $455.00 price objective on shares of MasTec in a research report on Monday, May 4th. One investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $427.32.

About MasTec

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.