2,007 Shares in MasTec, Inc. $MTZ Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,007 shares of the construction company’s stock, valued at approximately $835,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of MasTec during the second quarter worth about $29,399,000. OneDigital Investment Advisors LLC acquired a new stake in MasTec during the 2nd quarter worth approximately $399,000. Plato Investment Management Ltd acquired a new stake in MasTec during the 2nd quarter worth approximately $273,000. Bell Investment Advisors Inc bought a new position in MasTec in the second quarter valued at approximately $32,000. Finally, Trivium Point Advisory LLC acquired a new position in shares of MasTec in the second quarter valued at approximately $8,248,000. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of MTZ stock opened at $280.51 on Wednesday. The company has a market capitalization of $22.53 billion, a price-to-earnings ratio of 44.74 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 company has a 50-day simple moving average of $342.53 and a 200 day simple moving average of $337.06. MasTec, Inc. has a 52 week low of $167.66 and a 52 week high of $441.43.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the company earned $1.49 earnings per share. The business’s quarterly revenue 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. On average, sell-side analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated 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 transaction, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 21.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MTZ shares. JPMorgan Chase & Co. boosted their target price on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research note on Monday, May 4th. Truist Financial reiterated a “buy” rating and issued a $428.00 price objective (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. The Goldman Sachs Group cut their price objective on shares of MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Robert W. Baird reduced their target price 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. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $427.32.

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.