MasTec, Inc. $MTZ Stock: Bouvel Investment Partners LLC Reduces Position

Bouvel Investment Partners LLC cut its stake in shares of MasTec, Inc. (NYSE:MTZ) by 18.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 16,655 shares of the construction company’s stock after selling 3,653 shares during the period. Bouvel Investment Partners LLC’s holdings in MasTec were worth $3,558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC grew its position in MasTec by 47.8% in the third quarter. Avior Wealth Management LLC now owns 2,164 shares of the construction company’s stock valued at $462,000 after acquiring an additional 700 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of MasTec by 40.7% during the third quarter. Armstrong Advisory Group Inc. now owns 197 shares of the construction company’s stock worth $42,000 after purchasing an additional 57 shares in the last quarter. GK Wealth Management LLC purchased a new position in shares of MasTec in the third quarter valued at $29,000. Venture Visionary Partners LLC boosted its stake in shares of MasTec by 9.1% in the third quarter. Venture Visionary Partners LLC now owns 5,937 shares of the construction company’s stock valued at $1,268,000 after purchasing an additional 496 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in MasTec by 87.2% during the 2nd quarter. QRG Capital Management Inc. now owns 2,623 shares of the construction company’s stock valued at $1,091,000 after purchasing an additional 1,222 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTZ has been the topic of several analyst reports. Weiss Ratings downgraded shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Wall Street Zen cut shares of MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. The Goldman Sachs Group decreased their price objective on shares of MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Cantor Fitzgerald restated an “overweight” rating and set a $348.00 target price on shares of MasTec in a research note on Monday. Finally, Guggenheim lifted 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. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, MasTec has an average rating of “Moderate Buy” and a consensus price target of $389.80.

MasTec Stock Down 0.2%

Shares of MTZ stock traded down $0.47 during mid-day trading on Tuesday, reaching $206.38. 1,530,642 shares of the company were exchanged, compared to its average volume of 1,194,963. 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 business’s 50 day simple moving average is $240.88 and its 200 day simple moving average is $323.05. The company has a market capitalization of $16.57 billion, a P/E ratio of 32.92 and a beta of 1.84. MasTec, Inc. has a fifty-two week low of $182.34 and a fifty-two week high of $441.43.

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). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the company earned $1.49 earnings per share. The company’s revenue 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. Research analysts predict that MasTec, Inc. will post 8.87 earnings per share for the current year.

MasTec Profile

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.