Royal Bank of Canada Has $22.19 Million Holdings in MasTec, Inc. $MTZ

Posted by George Bondi on Aug 6th, 2026

Royal Bank of Canada lessened its holdings in MasTec, Inc. (NYSE:MTZ – Free Report) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,974 shares of the construction company’s stock after selling 13,779 shares during the quarter. Royal Bank of Canada’s holdings in MasTec were worth $22,191,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in MasTec in the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors bought a new stake in shares of MasTec during the 1st quarter valued at $30,000. CIBC Private Wealth Group LLC lifted its stake 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 valued at $51,000 after purchasing an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 purchasing an additional 182 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of MasTec in the 1st quarter worth $65,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. TD Cowen dropped their price objective on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley set a $369.00 target price on MasTec in a report on Friday, July 31st. The Goldman Sachs Group upped their price target on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research note on Monday, May 4th. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Finally, Stifel Nicolaus set a $455.00 price objective on shares of MasTec in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $431.42.

View Our Latest Stock Analysis on MTZ

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’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 completion of the transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 21.40% of the stock is owned by company insiders.

MasTec Trading Down 1.5%

NYSE MTZ opened at $267.50 on Thursday. MasTec, Inc. has a one year low of $167.66 and a one year high of $441.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The firm has a market cap of $21.48 billion, a P/E ratio of 42.66 and a beta of 1.81. The stock’s 50-day moving average is $358.38 and its 200-day moving average is $334.75.

MasTec (NYSE:MTZ – Get Free Report) last issued its quarterly earnings data 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 net margin of 3.07% and a return on equity of 18.08%. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm posted $1.49 earnings per share. MasTec’s revenue for the quarter was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Sell-side analysts anticipate that MasTec, Inc. will post 8.97 earnings per share for the current fiscal year.

About MasTec

(Free Report)

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.