Man Group plc Invests $3.14 Million in MasTec, Inc. $MTZ

Man Group plc bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, Holdings Channel.com reports. The institutional investor bought 7,544 shares of the construction company’s stock, valued at approximately $3,139,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in MasTec during the 2nd quarter valued at approximately $3,178,069,000. Victory Capital Management Inc. raised its holdings in shares of MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Hill City Capital LP acquired a new position in MasTec during the second quarter valued at $896,609,300. Peconic Partners LLC boosted its holdings in MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after purchasing an additional 850,000 shares during the last quarter. Finally, First Trust Advisors LP grew its position in MasTec by 7.6% during the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock worth $454,163,000 after purchasing an additional 100,151 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen cut MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Mizuho lowered their price objective 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 target price on shares of MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a report on Monday, May 4th. Finally, CICC Research began coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective for the company. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and an average target price of $427.32.

MasTec Stock Down 0.5%

MTZ opened at $239.91 on Tuesday. The company has a market cap of $19.27 billion, a PE ratio of 38.26 and a beta of 1.82. MasTec, Inc. has a twelve month low of $171.05 and a twelve month high of $441.43. The company has a 50-day moving average price of $321.60 and a 200 day moving average price of $337.42. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last posted its quarterly earnings data 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 firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $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. Sell-side analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the transaction, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 21.40% of the company’s stock.

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.