Global Retirement Partners LLC Buys New Shares in MasTec, Inc. $MTZ

Global Retirement Partners LLC purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,496 shares of the construction company’s stock, valued at approximately $1,038,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Earned Wealth Advisors LLC raised its stake in shares of MasTec by 2.8% in the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after buying an additional 28 shares during the period. Aigen Investment Management LP grew its stake in shares of MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after acquiring an additional 38 shares during the period. Everhart Financial Group Inc. increased its holdings in MasTec by 5.4% in the 2nd quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock worth $364,000 after acquiring an additional 45 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in MasTec by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after acquiring an additional 47 shares in the last quarter. Finally, Williamson Legacy Group LLC raised its stake in MasTec by 0.9% during the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. TD Cowen lowered their price target on shares of MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Morgan Stanley set a $369.00 target price on shares of MasTec in a research note on Friday, July 31st. Finally, Robert W. Baird lowered their target price on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, MasTec has an average rating of “Buy” and an average target price of $427.32.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on 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 completion of the transaction, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. This 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 can be accessed through this hyperlink. Company insiders own 21.40% of the company’s stock.

MasTec Stock Down 7.3%

Shares of MTZ opened at $280.51 on Wednesday. The business’s 50 day moving average is $342.53 and its 200 day moving average is $337.06. 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, Inc. has a 12-month low of $167.66 and a 12-month high of $441.43. The company has a market capitalization of $22.53 billion, a PE ratio of 44.74 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted 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 the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company earned $1.49 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

MasTec 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.