Ieq Capital LLC Invests $16.66 Million in MasTec, Inc. $MTZ

Ieq Capital LLC bought a new position in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 40,032 shares of the construction company’s stock, valued at approximately $16,656,000.

A number of other large investors have also added to or reduced their stakes in the business. Ascentis Independent Advisors bought a new position in MasTec during the first quarter worth $30,000. Bell Investment Advisors Inc bought a new position in shares of MasTec in the second quarter valued at about $32,000. CIBC Private Wealth Group LLC raised its position in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $61,000 after buying an additional 182 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of MasTec during the 1st quarter worth about $65,000. Institutional investors 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 MasTec stock in a transaction that occurred on 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 approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 21.40% of the company’s stock.

MasTec Trading Down 1.8%

MTZ stock opened at $266.89 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The company’s 50-day simple moving average is $337.60 and its 200 day simple moving average is $336.97. MasTec, Inc. has a 52 week low of $171.05 and a 52 week high of $441.43. The company has a market capitalization of $21.43 billion, a PE ratio of 42.57 and a beta of 1.81.

MasTec (NYSE:MTZ) last issued 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 business had revenue of $4.37 billion during 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%.MasTec’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last 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. As a group, sell-side analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on MTZ. TD Cowen decreased 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. UBS Group cut their price objective on shares of MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings cut MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Citigroup decreased their target price on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, MasTec has an average rating of “Buy” and an average target price 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.