Saudi Central Bank Makes New Investment in MasTec, Inc. $MTZ

Saudi Central Bank acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,276 shares of the construction company’s stock, valued at approximately $1,779,000.

Several other institutional investors have also recently made changes to their positions in the business. Transamerica Financial Advisors LLC acquired a new position in MasTec during the second quarter valued at $32,000. Bell Investment Advisors Inc acquired a new position in shares of MasTec in the 2nd quarter valued at $32,000. Ascentis Independent Advisors purchased a new position in MasTec in the first quarter valued at $30,000. Solstein Capital LLC acquired a new position in shares of MasTec in the second quarter worth about $58,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of MasTec during the 1st quarter worth about $65,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. CICC Research began coverage on MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target on the stock. Robert W. Baird decreased their target price on MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Truist Financial restated a “buy” rating and set a $428.00 price objective (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Mizuho reduced their price target on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. Twenty analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MasTec has an average rating of “Moderate Buy” and a consensus price target of $422.00.

MasTec Stock Performance

NYSE:MTZ opened at $246.41 on Wednesday. The company’s 50-day moving average is $301.63 and its two-hundred day moving average is $336.19. MasTec, Inc. has a 1-year low of $173.90 and a 1-year high of $441.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 39.30 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. MasTec’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 forecast that MasTec, Inc. will post 8.91 EPS for the current year.

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.