MasTec, Inc. $MTZ Stock Position Raised by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of MasTec, Inc. (NYSE:MTZ) by 93.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,229 shares of the construction company’s stock after acquiring an additional 6,400 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in MasTec were worth $5,504,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MTZ. Gables Capital Management Inc. increased its stake in shares of MasTec by 30.3% during the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after purchasing an additional 4,900 shares during the last quarter. Swedbank AB lifted its stake in shares of MasTec by 5.2% in the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after purchasing an additional 3,200 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of MasTec by 50.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock valued at $15,325,000 after purchasing an additional 23,500 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in MasTec by 463.6% in the fourth quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock worth $2,940,000 after purchasing an additional 11,127 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in MasTec by 4,223.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock worth $601,000 after purchasing an additional 2,703 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of MTZ opened at $272.83 on Friday. The company has a market capitalization of $21.91 billion, a PE ratio of 43.51 and a beta of 1.81. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. MasTec, Inc. has a one year low of $167.66 and a one year high of $441.43. The company’s fifty day moving average price is $353.78 and its 200 day moving average price is $334.44.

MasTec (NYSE:MTZ) last released 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). The firm 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%. The firm’s revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the company earned $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. As a group, analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MTZ shares. Wall Street Zen lowered MasTec from a “buy” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus set a $455.00 price target on MasTec in a research note on Monday, May 4th. Morgan Stanley set a $369.00 price objective on MasTec in a report on Friday, July 31st. Mizuho cut their price objective on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. Finally, Robert W. Baird reduced their target price on MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $431.42.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 21.40% of the company’s stock.

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.