Vise Technologies Inc. Takes $814,000 Position in MasTec, Inc. $MTZ

Vise Technologies Inc. bought a new position in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, Holdings Channel.com reports. The firm bought 1,957 shares of the construction company’s stock, valued at approximately $814,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC boosted its position in MasTec by 2.8% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock valued at $326,000 after buying an additional 28 shares during the period. Aigen Investment Management LP grew its position in shares of MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after buying an additional 38 shares during the last quarter. Everhart Financial Group Inc. increased its stake in shares of MasTec by 5.4% during the second quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after buying an additional 45 shares during the period. Motley Fool Asset Management LLC raised its holdings in shares of MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after acquiring an additional 47 shares in the last quarter. Finally, Williamson Legacy Group LLC raised its holdings in shares of MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after acquiring an additional 52 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Trading Up 0.2%

NYSE:MTZ opened at $266.89 on Monday. The firm has a market capitalization of $21.43 billion, a P/E ratio of 42.57 and a beta of 1.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. MasTec, Inc. has a one year low of $171.05 and a one year high of $441.43. The company’s 50-day simple moving average is $337.60 and its 200 day simple moving average is $337.62.

MasTec (NYSE:MTZ) last issued 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). The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. MasTec’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, analysts forecast that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on MTZ shares. UBS Group cut their price target on shares of MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Morgan Stanley set a $369.00 price objective on shares of MasTec in a report on Friday, July 31st. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a research report on Monday, May 4th. TD Cowen cut their target price on shares of MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Finally, Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. 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 data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $427.32.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.40% of the company’s stock.

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.