Korea Investment CORP Invests $19.01 Million in MasTec, Inc. $MTZ

Korea Investment CORP bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 45,696 shares of the construction company’s stock, valued at approximately $19,012,000. Korea Investment CORP owned about 0.06% of MasTec at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bell Investment Advisors Inc bought a new position in MasTec during the 2nd quarter valued at about $32,000. Ascentis Independent Advisors bought a new stake in shares of MasTec in the first quarter worth approximately $30,000. GHP Investment Advisors Inc. bought a new stake in shares of MasTec in the first quarter worth approximately $65,000. Harbor Investment Advisory LLC raised its holdings in shares of MasTec by 486.1% during the second quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock valued at $88,000 after purchasing an additional 175 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated 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 $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MTZ has been the topic of a number of research analyst reports. Cantor Fitzgerald increased their price objective on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Wall Street Zen cut MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. 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. Guggenheim increased their price objective on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, CICC Research initiated coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $427.32.

MasTec Price Performance

Shares of MasTec stock opened at $266.89 on Monday. MasTec, Inc. has a one year low of $171.05 and a one year high of $441.43. The stock’s fifty day moving average is $337.60 and its 200 day moving average is $337.62. The stock has a market cap of $21.43 billion, a P/E ratio of 42.57 and a beta of 1.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

MasTec (NYSE:MTZ) last released its quarterly earnings results 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). The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. 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 earnings per share for the current year.

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.