Quantitative Investment Management LLC Takes $1.04 Million Position in MasTec, Inc. $MTZ

Quantitative Investment Management LLC bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, HoldingsChannel reports. The firm bought 2,496 shares of the construction company’s stock, valued at approximately $1,038,000.

Several other large investors also recently modified their holdings of MTZ. Ascentis Independent Advisors purchased a new position in MasTec during the 1st quarter valued at about $30,000. Bell Investment Advisors Inc purchased a new stake in MasTec in the 2nd quarter worth approximately $32,000. Transamerica Financial Advisors LLC bought a new stake in shares of MasTec in the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC grew its position in shares of MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the last quarter. Finally, Solstein Capital LLC purchased a new position in shares of MasTec during the second quarter valued at approximately $58,000. 78.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MTZ shares. Citigroup dropped their price target on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. TD Cowen reduced their price objective on shares of MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Robert W. Baird decreased their price objective on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Finally, Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $427.32.

MasTec Stock Down 0.4%

Shares of NYSE:MTZ opened at $238.92 on Wednesday. The firm has a market capitalization of $19.19 billion, a P/E ratio of 38.11 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. The stock has a 50 day moving average price of $318.58 and a 200-day moving average price of $337.24. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The firm had revenue of $4.37 billion for 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 for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 anticipate that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

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.