Sanctuary Advisors LLC Buys Shares of 6,465 MasTec, Inc. $MTZ

Sanctuary Advisors LLC purchased a new position in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,465 shares of the construction company’s stock, valued at approximately $2,690,000.

Other hedge funds also recently modified their holdings of the company. Ascentis Independent Advisors acquired a new position in shares of MasTec in the 1st quarter valued at approximately $30,000. Bell Investment Advisors Inc bought a new stake in MasTec during the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC raised its holdings in MasTec by 372.0% during the 4th 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. Solstein Capital LLC acquired a new stake in MasTec during the 2nd quarter worth approximately $58,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MTZ shares. Morgan Stanley set a $369.00 price objective on shares of MasTec in a research report on Friday, July 31st. Mizuho cut their price objective on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. TD Cowen lowered their target price on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, The Goldman Sachs Group dropped their price target on MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec presently has an average rating of “Buy” and an average target price of $427.32.

MasTec Trading Down 3.4%

NYSE:MTZ opened at $246.66 on Wednesday. The company has a market cap of $19.81 billion, a P/E ratio of 39.34 and a beta of 1.81. MasTec, Inc. has a twelve month low of $171.05 and a twelve month high of $441.43. The business has a 50 day moving average price of $332.81 and a two-hundred day moving average price of $337.74. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the business earned $1.49 earnings per share. MasTec’s revenue for the quarter was up 23.4% on a year-over-year basis. 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 EPS for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction 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 approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.