MasTec (NYSE:MTZ) Stock Acquired Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of MasTec, Inc. (NYSE:MTZ). In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in MasTec stock on August 21st. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 8/27/2026.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Stryker (NYSE:SYK) on 7/22/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/22/2026.
• Purchased $1,001 – $15,000 in shares of Toast (NYSE:TOST) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 7/7/2026.
• Purchased $1,001 – $15,000 in shares of EQT (NYSE:EQT) on 7/7/2026.
• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 6/30/2026.

MasTec Trading Down 2.1%

Shares of NYSE MTZ traded down $4.81 during trading hours on Tuesday, reaching $222.89. The stock had a trading volume of 150,255 shares, compared to its average volume of 1,145,923. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average price is $290.03 and its two-hundred day moving average price is $334.90. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 35.54 and a beta of 1.82. MasTec, Inc. has a 52-week low of $182.34 and a 52-week high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $1.49 EPS. MasTec’s quarterly revenue 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. Analysts expect that MasTec, Inc. will post 8.9 EPS for the current fiscal year.

Institutional Trading of MasTec

Large investors have recently made changes to their positions in the business. Gables Capital Management Inc. boosted its holdings in MasTec by 30.3% in the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock valued at $4,577,000 after purchasing an additional 4,900 shares during the period. TFR Capital LLC. acquired a new stake in MasTec in the 2nd quarter valued at about $1,978,000. Bruni J V & Co. Co. purchased a new position in shares of MasTec in the 2nd quarter valued at about $6,708,968. Ameritas Advisory Services LLC grew its position in shares of MasTec by 4,223.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock worth $601,000 after buying an additional 2,703 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in shares of MasTec by 36.0% during the fourth quarter. Fidelis Capital Partners LLC now owns 11,952 shares of the construction company’s stock worth $2,598,000 after buying an additional 3,163 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTZ. UBS Group reduced their price target on shares of MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Mizuho dropped their target price on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th. The Goldman Sachs Group cut their price target on MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Zacks Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Finally, CICC Research initiated coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $422.00.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec’s communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.