8,824 Shares in MasTec, Inc. $MTZ Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, HoldingsChannel reports. The fund purchased 8,824 shares of the construction company’s stock, valued at approximately $3,671,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Global Retirement Partners LLC acquired a new position in MasTec during the second quarter worth $1,038,000. Fielder Capital Group LLC acquired a new position in shares of MasTec during the second quarter valued at about $848,000. Bank of New York Mellon Corp bought a new stake in shares of MasTec during the second quarter worth about $280,544,000. Private Advisory Group LLC acquired a new stake in shares of MasTec in the 2nd quarter worth about $746,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in MasTec in the 2nd quarter valued at about $766,000. Institutional investors own 78.10% of the company’s stock.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction 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 sale, 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 legal filing with the SEC, which is available at this link. 21.40% of the stock is owned by insiders.

Analyst Ratings Changes

MTZ has been the topic of several analyst reports. Stifel Nicolaus set a $455.00 target price on MasTec in a research report on Monday, May 4th. JPMorgan Chase & Co. increased their target price on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Cantor Fitzgerald boosted their price target on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Guggenheim upped their price objective on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, MasTec presently has a consensus rating of “Buy” and an average target price of $427.32.

MasTec Trading Up 0.1%

NYSE:MTZ opened at $297.79 on Monday. The firm’s 50 day moving average is $345.18 and its 200 day moving average is $336.43. MasTec, Inc. has a 12 month low of $167.66 and a 12 month high of $441.43. The stock has a market capitalization of $23.92 billion, a PE ratio of 47.50 and a beta of 1.82. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last issued its 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). 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 the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm 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. Sell-side analysts expect 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.