First National Bank of Omaha Invests $4.24 Million in MasTec, Inc. $MTZ

First National Bank of Omaha bought a new stake in MasTec, Inc. (NYSE:MTZ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,196 shares of the construction company’s stock, valued at approximately $4,242,000.

Several other large investors also recently bought and sold shares of MTZ. Meeder Asset Management Inc. purchased a new stake in MasTec during the second quarter valued at $185,000. BlackRock Inc. purchased a new position in shares of MasTec in the 2nd quarter worth $3,178,069,000. Pallas Capital Advisors LLC bought a new stake in shares of MasTec in the 2nd quarter worth about $3,125,000. Deutsche Bank AG purchased a new stake in shares of MasTec during the 2nd quarter valued at about $49,398,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of MasTec during the 2nd quarter valued at about $835,000. Institutional investors own 78.10% of the company’s stock.

MasTec Trading Down 7.3%

Shares of NYSE MTZ opened at $280.51 on Wednesday. MasTec, Inc. has a twelve month low of $167.66 and a twelve month high of $441.43. The firm has a market cap of $22.53 billion, a PE ratio of 44.74 and a beta of 1.82. The business has a fifty day simple moving average of $342.53 and a two-hundred day simple moving average of $337.06. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a report on Monday, May 4th. Guggenheim upped their price objective on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Truist Financial reaffirmed a “buy” rating and issued a $428.00 price objective (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. KeyCorp dropped their target price on MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. Finally, Mizuho cut their target price on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th. 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, MasTec currently has a consensus 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.