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

Hill City Capital LP bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,155,000 shares of the construction company’s stock, valued at approximately $896,609,300. MasTec makes up 0.0% of Hill City Capital LP’s investment portfolio, making the stock its biggest position. Hill City Capital LP owned approximately 2.68% of MasTec at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in MasTec during the 2nd quarter worth approximately $3,178,069,000. Victory Capital Management Inc. lifted its stake in shares of MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after purchasing an additional 1,690,896 shares in the last quarter. Peconic Partners LLC raised its stake in shares of 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 purchasing an additional 850,000 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of 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 period. Finally, Bank of America Corp DE boosted its stake in MasTec by 6.0% in the 1st quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company’s stock worth $427,935,000 after purchasing an additional 75,100 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 21.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MTZ. KeyCorp decreased their price target on MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Robert W. Baird lowered their price target on MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Zacks Research cut MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Roth Capital reaffirmed a “buy” rating and set a $450.00 price target on shares of MasTec in a research report on Monday, May 4th. Nineteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $427.32.

MasTec Stock Performance

MasTec stock traded down $9.62 on Friday, reaching $241.51. 920,016 shares of the stock were exchanged, compared to its average volume of 1,136,286. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The stock has a market cap of $19.40 billion, a PE ratio of 38.52 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 firm has a fifty day moving average price of $327.72 and a two-hundred day moving average price of $337.72.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS 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 business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm earned $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. Sell-side analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current 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.