Hennessy Advisors Inc. Sells 6,300 Shares of MasTec, Inc. $MTZ

Hennessy Advisors Inc. reduced its position in MasTec, Inc. (NYSE:MTZ) by 3.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 198,800 shares of the construction company’s stock after selling 6,300 shares during the period. MasTec makes up approximately 1.6% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 9th biggest position. Hennessy Advisors Inc.’s holdings in MasTec were worth $42,468,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of MasTec during the third quarter worth about $12,474,000. D.A. Davidson & CO. boosted its holdings in MasTec by 1.9% in the third quarter. D.A. Davidson & CO. now owns 5,501 shares of the construction company’s stock valued at $1,175,000 after purchasing an additional 103 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in MasTec by 20.0% in the third quarter. Motley Fool Asset Management LLC now owns 1,682 shares of the construction company’s stock valued at $359,000 after purchasing an additional 280 shares during the last quarter. North Dakota State Investment Board boosted its holdings in MasTec by 3.2% in the third quarter. North Dakota State Investment Board now owns 1,909 shares of the construction company’s stock valued at $408,000 after purchasing an additional 60 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in MasTec during the 3rd quarter valued at approximately $34,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Stock Performance

Shares of MTZ opened at $186.03 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.39 and a quick ratio of 1.36. MasTec, Inc. has a 12-month low of $164.31 and a 12-month high of $441.43. The business’s fifty day moving average price is $215.62 and its 200 day moving average price is $300.41. The stock has a market capitalization of $14.94 billion, a PE ratio of 30.40 and a beta of 1.84.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, October 29th. The construction company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.95 by $0.01. MasTec had a net margin of 2.80% and a return on equity of 17.89%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the prior year, the company earned $2.48 earnings per share. The firm’s revenue was up 29.9% compared to the same quarter last year. Equities research analysts forecast that MasTec, Inc. will post 8.87 EPS for the current year.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Third-quarter revenue reached approximately $5.2 billion, while adjusted EBITDA was $486 million; both increased about 30% year over year and exceeded expectations. EPS of $2.96 also topped the roughly $2.94–$2.95 consensus. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Power Delivery was a key growth driver, and MasTec’s backlog rose approximately 46% year over year to a record $24.5 billion. The backlog supports visibility into future revenue and reinforces demand for the company’s infrastructure services. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength
• Neutral Sentiment: The earnings release and management’s earnings call highlighted continued opportunities tied to power infrastructure and data-center-related demand, although project timing remains an important factor for the near-term outlook. MasTec Q3 2026 Earnings Call Transcript
• Negative Sentiment: MasTec reduced its full-year 2026 profit outlook because pipeline delays are postponing expected project activity. That guidance cut limits the benefit of the quarterly beats and may keep investors focused on execution and project-start timing. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $274.00 target price on shares of MasTec in a research report on Thursday, October 22nd. Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $348.00 price target on shares of MasTec in a report on Monday, October 12th. Finally, Citigroup cut their price target on shares of MasTec from $408.00 to $308.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Nineteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.10.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.