2,960 Shares in MasTec, Inc. $MTZ Bought by Cetera Trust Company N.A

Cetera Trust Company N.A acquired a new position in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,960 shares of the construction company’s stock, valued at approximately $1,232,000.

A number of other institutional investors have also recently bought and sold shares of MTZ. Partners Capital Investment Group LLP purchased a new stake in shares of MasTec during the 2nd quarter valued at $4,846,000. Whalen Wealth Management Inc. purchased a new position in shares of MasTec in the 2nd quarter worth about $812,000. Gallo Partners LP purchased a new position in shares of MasTec in the 2nd quarter worth about $2,157,000. Hill City Capital LP purchased a new position in shares of MasTec in the 2nd quarter worth about $896,609,300,000. Finally, Cibc World Market Inc. bought a new position in MasTec during the second quarter valued at about $1,048,000. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Down 4.2%

MTZ stock opened at $255.21 on Tuesday. The stock has a fifty day moving average of $335.27 and a 200-day moving average of $337.66. MasTec, Inc. has a fifty-two week low of $171.05 and a fifty-two week high of $441.43. The company has a market capitalization of $20.50 billion, a price-to-earnings ratio of 40.70 and a beta of 1.82. 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 announced 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 firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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 predict that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 21.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research note on Monday, May 4th. Finally, TD Cowen decreased their price target on shares of MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec presently has an average rating of “Buy” and a consensus target price 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.