Lombard Odier Asset Management Europe Ltd Sells 8,886 Shares of MasTec, Inc. $MTZ

Lombard Odier Asset Management Europe Ltd trimmed its position in MasTec, Inc. (NYSE:MTZ) by 31.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 19,448 shares of the construction company’s stock after selling 8,886 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in MasTec were worth $6,257,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ascentis Independent Advisors acquired a new position in shares of MasTec in the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in MasTec during the 4th quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new stake in MasTec during the 1st quarter valued at about $65,000. CIBC Private Wealth Group LLC grew its stake in MasTec by 372.0% during 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 last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of MasTec by 25.4% in the first quarter. Root Financial Partners LLC now owns 311 shares of the construction company’s stock valued at $100,000 after purchasing an additional 63 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated 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 owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.40% of the company’s stock.

MasTec Stock Up 0.2%

MTZ stock opened at $263.51 on Monday. MasTec, Inc. has a one year low of $160.08 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 firm’s fifty day moving average is $365.55 and its 200 day moving average is $333.95. The firm has a market cap of $21.16 billion, a PE ratio of 42.03 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 EPS 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 firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm posted $1.49 earnings per share. MasTec’s quarterly revenue 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. On average, research analysts forecast that MasTec, Inc. will post 9.18 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on MTZ shares. Jefferies Financial Group restated a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. Mizuho upped their price objective on shares of MasTec from $498.00 to $502.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Robert W. Baird increased their price objective on shares of MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Roth Capital restated a “buy” rating and set a $450.00 target price on shares of MasTec in a research report on Monday, May 4th. Finally, Guggenheim increased their price target on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $461.74.

MasTec News Summary

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported second-quarter revenue of $4.37 billion, up 23.4% year over year and above the approximately $4.30 billion consensus estimate. EPS increased to $2.22 from $1.49 a year earlier. Management also highlighted broad-based growth, margin expansion and backlog development. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: The company’s adjusted EBITDA margin improved by 100 basis points, while third-quarter guidance calls for $4.9 billion in revenue and $2.98 EPS. Full-year 2026 guidance of $18.2 billion in revenue and $9.30 EPS is above current analyst consensus. MasTec 2026 Q2 Results Presentation
• Neutral Sentiment: MasTec appointed Alex Spiro to its board. His experience advising large companies on governance, regulatory and strategic matters may support the company’s oversight, but the appointment is unlikely to materially affect near-term earnings. MasTec Announces Alex Spiro Board Appointment
• Negative Sentiment: The earnings result was mixed: EPS narrowly missed the broader consensus estimate of $2.23, even though it exceeded the Zacks estimate of $2.19. Investors appear to be looking beyond the headline revenue beat and questioning the quality or sustainability of the outlook. MasTec Q2 Key Metrics
• Negative Sentiment: Market coverage characterized the updated guidance as a cut relative to prior expectations, overshadowing the record quarter. This concern about forward growth expectations appears to be the primary reason MTZ moved lower despite year-over-year gains and guidance above consensus. MasTec Falls After Guidance Cut

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.