Partners Capital Investment Group LLP Takes $4.85 Million Position in MasTec, Inc. $MTZ

Partners Capital Investment Group LLP acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,648 shares of the construction company’s stock, valued at approximately $4,846,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whalen Wealth Management Inc. purchased a new position in shares of MasTec during the 2nd quarter valued at $812,000. Gallo Partners LP bought a new position in shares of MasTec during the 2nd quarter worth $2,157,000. Hill City Capital LP purchased a new stake in MasTec in the 2nd quarter worth about $896,609,300,000. Cibc World Market Inc. purchased a new stake in MasTec in the 2nd quarter worth about $1,048,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in MasTec in the 2nd quarter valued at about $1,400,000. 78.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MTZ shares. Truist Financial reiterated a “buy” rating and set a $428.00 target price (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. Cantor Fitzgerald boosted their price target on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Wall Street Zen cut shares of MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. 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 report on Tuesday, August 4th. Finally, Roth Capital reiterated a “buy” rating and issued a $450.00 price objective on shares of MasTec in a research note on Monday, May 4th. One 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 currently has an average rating of “Buy” and an average target price of $427.32.

MasTec Stock Down 4.2%

Shares of NYSE MTZ opened at $255.21 on Tuesday. The business has a 50-day simple moving average of $335.27 and a two-hundred day simple moving average of $337.66. MasTec, Inc. has a 52 week low of $171.05 and a 52 week high of $441.43. The company has a market cap of $20.50 billion, a P/E ratio of 40.70 and a beta of 1.82. 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 announced 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 during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the company posted $1.49 earnings per share. The company’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. Research analysts anticipate 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 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.