Hill City Capital LP Makes New $896.61 Billion Investment in MasTec, Inc. $MTZ

Hill City Capital LP purchased a new stake in MasTec, Inc. (NYSE:MTZ) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,155,000 shares of the construction company’s stock, valued at approximately $896,609,300,000. MasTec comprises 20.9% of Hill City Capital LP’s investment portfolio, making the stock its biggest position.

Several other institutional investors also recently made changes to their positions in MTZ. Ascentis Independent Advisors acquired a new stake in shares of MasTec during the 1st quarter worth $30,000. Bell Investment Advisors Inc acquired a new position in MasTec in the second quarter valued at $32,000. CIBC Private Wealth Group LLC boosted its holdings in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after acquiring an additional 186 shares during the last quarter. Solstein Capital LLC purchased a new stake in MasTec during the second quarter valued at about $58,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after acquiring an additional 182 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Up 1.0%

Shares of NYSE MTZ opened at $251.15 on Friday. The stock has a fifty day moving average price of $327.72 and a 200 day moving average price of $337.72. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 12-month low of $171.05 and a 12-month high of $441.43. The company has a market cap of $20.17 billion, a P/E ratio of 40.06 and a beta of 1.81.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 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 company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm earned $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. Research analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 6,500 shares of the business’s 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 transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 21.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MTZ shares. TD Cowen cut their price objective on MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Stifel Nicolaus set a $455.00 target price on MasTec in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. CICC Research assumed coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price for the company. Finally, KeyCorp cut their price target on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. One 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 stock. Based on data from MarketBeat, MasTec currently has an average rating of “Buy” and a consensus target price of $427.32.

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.