Commerce Bank Takes $2.88 Million Position in MasTec, Inc. $MTZ

Commerce Bank bought a new position in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,930 shares of the construction company’s stock, valued at approximately $2,883,000.

A number of other institutional investors have also recently bought and sold shares of MTZ. BlackRock Inc. acquired a new position in shares of MasTec in the 2nd quarter valued at $3,178,069,000. Victory Capital Management Inc. increased its stake in MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after acquiring an additional 1,690,896 shares during the period. Peconic Partners LLC increased its stake in MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after acquiring an additional 850,000 shares during the period. Coatue Management LLC acquired a new position in MasTec in the fourth quarter worth about $147,357,000. Finally, Bank of New York Mellon Corp acquired a new position in MasTec in the second quarter worth about $280,544,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Performance

NYSE:MTZ opened at $255.21 on Tuesday. The stock has a market capitalization of $20.50 billion, a P/E ratio of 40.70 and a beta of 1.82. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 1 year low of $171.05 and a 1 year high of $441.43. The firm has a 50 day moving average of $335.27 and a 200-day moving average of $337.66.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTZ. The Goldman Sachs Group decreased their price objective on MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Citigroup dropped their target price on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Stifel Nicolaus set a $455.00 target price on MasTec in a research report on Monday, May 4th. TD Cowen lowered their price target on MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $493.00 price objective on shares of MasTec in a research note 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec presently has an average rating of “Buy” and an average target price of $427.32.

Insider Buying and Selling

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Wednesday, June 3rd. The stock was 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 directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.40% of the company’s stock.

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.