Moore Capital Management LP acquired a new position in MasTec, Inc. (NYSE:MTZ – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,471 shares of the construction company’s stock, valued at approximately $3,941,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in MasTec during the 1st quarter valued at about $30,000. Bell Investment Advisors Inc acquired a new stake in shares of MasTec during the 2nd quarter worth approximately $32,000. Transamerica Financial Advisors LLC acquired a new stake in shares of MasTec during the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC raised its stake in shares of MasTec by 372.0% during the fourth 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 acquired a new position in MasTec in the second quarter valued at approximately $58,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MTZ has been the subject of several recent research reports. Mizuho dropped their target price on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. The Goldman Sachs Group dropped their price objective on MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Truist Financial restated a “buy” rating and set a $428.00 target price (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Weiss Ratings cut MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, Citigroup cut their price target on shares of MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $427.32.
Insider Activity
In related 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 transaction 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 represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 21.40% of the company’s stock.
MasTec Stock Performance
MTZ stock opened at $239.91 on Tuesday. The business’s 50-day moving average price is $321.60 and its two-hundred day moving average price is $337.42. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The firm has a market cap of $19.27 billion, a PE ratio of 38.26 and a beta of 1.82. MasTec, Inc. has a 1-year low of $171.05 and a 1-year high of $441.43.
MasTec (NYSE:MTZ – Get Free Report) last announced 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). The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the company 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, research analysts forecast that MasTec, Inc. will post 8.91 earnings per share for the current year.
MasTec Company 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.
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