3,574 Shares in MasTec, Inc. $MTZ Purchased by Globeflex Capital L P

Globeflex Capital L P bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,574 shares of the construction company’s stock, valued at approximately $1,487,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTZ. Ascentis Independent Advisors bought a new position in shares of MasTec in the first quarter valued at approximately $30,000. Bell Investment Advisors Inc purchased a new stake in MasTec in the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC grew its position in shares of MasTec by 372.0% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of MasTec in the 1st quarter valued at about $65,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred 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 owned 10,816 shares in the company, 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 SEC, which can be accessed through the SEC website. Company insiders own 21.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MTZ shares. Guggenheim lifted their target price on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. CICC Research assumed coverage on MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective for the company. Mizuho decreased their price objective on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Robert W. Baird reduced their price target on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Finally, Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, MasTec presently has an average rating of “Buy” and a consensus target price of $427.32.

MasTec Price Performance

MTZ stock opened at $255.21 on Tuesday. The firm’s 50-day moving average price is $335.27 and its two-hundred day moving average price is $337.66. MasTec, Inc. has a 12-month low of $171.05 and a 12-month high of $441.43. The stock 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 current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last posted its 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). The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company 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 analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current year.

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.