Great Lakes Advisors LLC Invests $7.63 Million in MasTec, Inc. $MTZ

Great Lakes Advisors LLC acquired a new position in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,339 shares of the construction company’s stock, valued at approximately $7,630,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec during the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors bought a new position in shares of MasTec in the 1st quarter worth $30,000. Bell Investment Advisors Inc bought a new position in shares of MasTec in the 2nd quarter worth $32,000. CIBC Private Wealth Group LLC raised its position in shares of MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 21.40% of the stock is currently owned by insiders.

MasTec Trading Down 2.9%

Shares of MTZ opened at $271.94 on Thursday. MasTec, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $441.43. The firm has a market cap of $21.84 billion, a price-to-earnings ratio of 43.37 and a beta of 1.81. The firm has a 50 day moving average price of $341.26 and a 200-day moving average price of $337.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

MasTec (NYSE:MTZ) last released its earnings results 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 business 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 for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, equities research analysts forecast that MasTec, Inc. will post 8.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. 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 report on Wednesday, July 22nd. Morgan Stanley set a $369.00 price target on MasTec in a research report on Friday, July 31st. TD Cowen dropped their price target on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Wall Street Zen cut MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $428.00 price objective (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. One equities research 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 stock. Based on data from MarketBeat.com, MasTec has an average rating of “Buy” and a consensus price target of $427.32.

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.