Gallo Partners LP Makes New $2.16 Million Investment in MasTec, Inc. $MTZ

Gallo Partners LP acquired a new position in MasTec, Inc. (NYSE:MTZ – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 5,184 shares of the construction company’s stock, valued at approximately $2,157,000. MasTec accounts for about 4.8% of Gallo Partners LP’s holdings, making the stock its 6th biggest position.

Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of MasTec in the second quarter worth approximately $3,178,069,000. Hill City Capital LP bought a new stake in shares of MasTec during the 2nd quarter worth approximately $896,609,300,000. Victory Capital Management Inc. boosted its holdings in MasTec by 178.6% during the 4th 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 boosted its holdings in MasTec by 113.3% during the 4th 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. Finally, Coatue Management LLC purchased a new position in MasTec during the 4th quarter valued at $147,357,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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Insider Activity

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

Analysts Set New Price Targets

A number of analysts have weighed in on MTZ shares. Citigroup reduced their target price on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. KeyCorp lowered their target price on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Truist Financial restated a “buy” rating and issued a $428.00 price target (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Guggenheim raised their price target on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, TD Cowen lowered their price objective on shares of MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $427.32.

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MasTec Trading Up 0.2%

NYSE MTZ opened at $266.89 on Monday. MasTec, Inc. has a one year low of $171.05 and a one year high of $441.43. 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 company has a market capitalization of $21.43 billion, a price-to-earnings ratio of 42.57 and a beta of 1.82. The company’s 50-day simple moving average is $337.60 and its two-hundred day simple moving average is $337.62.

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 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 business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the company posted $1.49 EPS. MasTec’s revenue for the quarter 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. Equities analysts forecast that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

MasTec Company Profile

(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.

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