Navellier & Associates Inc. Has $10.28 Million Stake in MasTec, Inc. $MTZ

Navellier & Associates Inc. grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 15.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,709 shares of the construction company’s stock after buying an additional 3,300 shares during the period. MasTec makes up 0.8% of Navellier & Associates Inc.’s portfolio, making the stock its 26th biggest position. Navellier & Associates Inc.’s holdings in MasTec were worth $10,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of MasTec in the 2nd quarter valued at about $3,178,069,000. Hill City Capital LP acquired a new stake in shares of MasTec in the 2nd quarter valued at approximately $896,609,300. Victory Capital Management Inc. boosted its stake in MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares during the last quarter. Bank of America Corp DE bought a new position in MasTec during the 2nd quarter worth approximately $555,825,000. Finally, Peconic Partners LLC grew its holdings in MasTec by 113.3% during the fourth 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 during the period. Institutional investors own 78.10% of the company’s stock.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, 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 can be accessed through this hyperlink. 21.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on MTZ shares. Citigroup lowered their target price on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Robert W. Baird reduced their price target on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Cantor Fitzgerald boosted their price target on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Roth Capital reaffirmed a “buy” rating and set a $450.00 price objective on shares of MasTec in a research note on Monday, May 4th. Finally, TD Cowen reduced their target price on MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $427.32.

MasTec Price Performance

NYSE MTZ opened at $241.08 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The stock has a market cap of $19.36 billion, a price-to-earnings ratio of 38.45 and a beta of 1.81. The business has a 50 day simple moving average of $324.93 and a 200 day simple moving average of $337.05. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The company had revenue of $4.37 billion during 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 quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous 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. Analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current fiscal 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.