Lombard Odier Asset Management Europe Ltd Takes Position in MasTec, Inc. $MTZ

Lombard Odier Asset Management Europe Ltd acquired a new position in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,000 shares of the construction company’s stock, valued at approximately $1,664,000.

Several other large investors have also recently added to or reduced their stakes in MTZ. BlackRock Inc. acquired a new position in shares of MasTec in the second quarter valued at $3,178,069,000. Hill City Capital LP bought a new stake in MasTec during the second quarter worth about $896,609,300. Victory Capital Management Inc. increased its holdings in MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after purchasing an additional 1,690,896 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of MasTec in the second quarter valued at $555,825,000. Finally, Peconic Partners LLC raised its stake in shares of MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after acquiring an additional 850,000 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

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 transaction, the director directly owned 10,816 shares of the company’s stock, 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 can be accessed through this link. 21.40% of the stock is owned by insiders.

MasTec Trading Down 4.0%

NYSE MTZ opened at $241.08 on Friday. The stock has a 50 day moving average of $324.93 and a 200-day moving average of $337.05. MasTec, Inc. has a 12 month low of $171.05 and a 12 month high of $441.43. The company has a market cap of $19.36 billion, a PE ratio of 38.45 and a beta of 1.81. 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 released its quarterly earnings data 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 firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, equities research analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MTZ. Robert W. Baird cut their price target on MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings downgraded MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research report on Monday, May 4th. UBS Group decreased their price objective on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Guggenheim upped their target price on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $427.32.

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.