Private Advisory Group LLC Takes Position in MasTec, Inc. $MTZ

Private Advisory Group LLC acquired a new position in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,794 shares of the construction company’s stock, valued at approximately $746,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC increased its holdings in MasTec by 2.8% in the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock valued at $326,000 after buying an additional 28 shares in the last quarter. Aigen Investment Management LP lifted its position in shares of MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after acquiring an additional 38 shares during the period. Everhart Financial Group Inc. boosted its stake in shares of MasTec by 5.4% during the 2nd quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock worth $364,000 after acquiring an additional 45 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of MasTec by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after acquiring an additional 47 shares in the last quarter. Finally, Williamson Legacy Group LLC grew its holdings in shares of MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 52 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Stock Up 4.1%

MTZ stock opened at $297.79 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The company’s 50 day simple moving average is $345.18 and its 200-day simple moving average is $335.79. MasTec, Inc. has a 12 month low of $167.66 and a 12 month high of $441.43. The firm has a market capitalization of $23.92 billion, a PE ratio of 47.50 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 earnings per share (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 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 earnings per share. The company’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. Equities analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. TD Cowen dropped their price objective on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Guggenheim boosted their target price on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Mizuho lowered their target price on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Stifel Nicolaus set a $455.00 price target on MasTec in a research report on Monday, May 4th. Finally, Citigroup cut their price target on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, MasTec has an average rating of “Buy” and a consensus target price of $427.32.

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’s 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 transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.