Raiffeisen Bank International AG Sells 23,069 Shares of MasTec, Inc. $MTZ

Raiffeisen Bank International AG lowered its stake in shares of MasTec, Inc. (NYSE:MTZ) by 35.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,931 shares of the construction company’s stock after selling 23,069 shares during the period. Raiffeisen Bank International AG’s holdings in MasTec were worth $18,421,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in MasTec during the second quarter valued at $3,178,069,000. Victory Capital Management Inc. grew its stake in shares of MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares during the period. Hill City Capital LP purchased a new stake in MasTec in the 2nd quarter worth about $896,609,300. Peconic Partners LLC raised its stake in MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after acquiring an additional 850,000 shares during the period. Finally, First Trust Advisors LP lifted its holdings in MasTec by 7.6% during the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock valued at $454,163,000 after purchasing an additional 100,151 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MTZ shares. Weiss Ratings downgraded shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. TD Cowen dropped their target price on MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. KeyCorp reduced their price target on MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Mizuho cut their target price on MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MasTec has an average rating of “Moderate Buy” and a consensus price target of $427.32.

MasTec Stock Down 1.3%

Shares of NYSE:MTZ opened at $232.37 on Friday. The firm has a fifty day moving average price of $312.03 and a two-hundred day moving average price of $336.77. 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 $171.05 and a one year high of $441.43. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 37.06 and a beta of 1.82.

MasTec (NYSE:MTZ) last released its quarterly earnings results 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). 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 the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $1.49 EPS. The company’s revenue for the quarter 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. Analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

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.