Connor Clark & Lunn Investment Management Ltd. Invests $17.58 Million in MasTec, Inc. $MTZ

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,247 shares of the construction company’s stock, valued at approximately $17,577,000. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of MasTec as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen dropped their price target 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. 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. Mizuho decreased their price objective on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Roth Capital reiterated a “buy” rating and issued a $450.00 target price on shares of MasTec in a research report on Monday, May 4th. Finally, Stifel Nicolaus set a $455.00 target price on shares of MasTec in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $427.32.

MasTec Stock Performance

Shares of NYSE:MTZ opened at $246.66 on Wednesday. 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 1 year low of $171.05 and a 1 year high of $441.43. The firm has a market capitalization of $19.81 billion, a PE ratio of 39.34 and a beta of 1.81. The business’s 50 day moving average price is $332.81 and its 200-day moving average price is $337.74.

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). The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the company posted $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, equities research analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Activity

In other 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 directly 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 filing with the Securities & Exchange Commission, which is available at this link. 21.40% of the stock is owned by insiders.

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.