Quantitative Investment Management LLC Takes Position in MasTec, Inc. $MTZ

Quantitative Investment Management LLC acquired a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,496 shares of the construction company’s stock, valued at approximately $1,038,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC bought a new position in MasTec in the second quarter valued at $32,000. Bell Investment Advisors Inc purchased a new position in shares of MasTec in the 2nd quarter worth about $32,000. Ascentis Independent Advisors purchased a new position in shares of MasTec in the 1st quarter worth about $30,000. Solstein Capital LLC bought a new position in shares of MasTec during the 2nd quarter valued at about $58,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of MasTec during the 1st quarter valued at about $65,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Trading Down 0.4%

Shares of MTZ stock opened at $238.92 on Wednesday. The stock has a market capitalization of $19.19 billion, a PE ratio of 38.11 and a beta of 1.82. MasTec, Inc. has a 1-year low of $171.05 and a 1-year high of $441.43. The business has a 50-day moving average of $318.58 and a 200 day moving average of $337.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37.

MasTec (NYSE:MTZ) last posted 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 return on equity of 18.08% and a net margin of 3.07%.MasTec’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, sell-side analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MTZ. Cantor Fitzgerald boosted their target price on MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Citigroup decreased their price target on shares of MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th. KeyCorp cut their price objective on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Finally, Morgan Stanley set a $369.00 price objective on shares of MasTec in a research note on Friday, July 31st. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $427.32.

MasTec 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.