Tidal Investments LLC Increases Stock Position in MasTec, Inc. $MTZ

Tidal Investments LLC increased its holdings in MasTec, Inc. (NYSE:MTZ) by 114.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,844 shares of the construction company’s stock after acquiring an additional 36,276 shares during the quarter. Tidal Investments LLC owned approximately 0.08% of MasTec worth $28,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ascentis Independent Advisors purchased a new position in MasTec during the 1st quarter worth $30,000. Bell Investment Advisors Inc purchased a new stake in shares of MasTec in the second quarter valued at about $32,000. Transamerica Financial Advisors LLC acquired a new stake in shares of MasTec during the second quarter worth about $32,000. CIBC Private Wealth Group LLC boosted its stake in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the period. Finally, Solstein Capital LLC purchased a new position in shares of MasTec during the second quarter worth about $58,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of NYSE:MTZ opened at $241.00 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The company has a market cap of $19.35 billion, a P/E ratio of 38.44 and a beta of 1.82. MasTec, Inc. has a 52 week low of $176.31 and a 52 week high of $441.43. The company has a 50-day moving average price of $298.62 and a 200 day moving average price of $335.95.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). The business had revenue of $4.37 billion for 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%.The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Research analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

MTZ has been the topic of several recent research reports. Citigroup dropped their price target on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Mizuho lowered their target price on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. Truist Financial reissued a “buy” rating and issued a $428.00 target price (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Guggenheim upped their price target on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, CICC Research initiated coverage on MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target for the company. Twenty research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $422.00.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec’s communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.