Gables Capital Management Inc. Acquires New Position in MasTec, Inc. $MTZ

Gables Capital Management Inc. bought a new position in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, HoldingsChannel reports. The firm bought 19,569 shares of the construction company’s stock, valued at approximately $8,142,000. MasTec makes up about 2.9% of Gables Capital Management Inc.’s holdings, making the stock its 5th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in MTZ. Swedbank AB boosted its holdings in shares of MasTec by 5.2% in the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after buying an additional 3,200 shares during the period. TFR Capital LLC. bought a new position in MasTec in the second quarter worth about $1,978,000. Sanctuary Advisors LLC lifted its holdings in MasTec by 463.6% in the fourth quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock worth $2,940,000 after acquiring an additional 11,127 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in MasTec by 4,223.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock valued at $601,000 after acquiring an additional 2,703 shares during the period. Finally, Fidelis Capital Partners LLC boosted its stake in MasTec by 36.0% in the fourth quarter. Fidelis Capital Partners LLC now owns 11,952 shares of the construction company’s stock valued at $2,598,000 after acquiring an additional 3,163 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 21.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen cut MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. CICC Research started coverage on MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 price objective for the company. TD Cowen dropped their target price on MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Cantor Fitzgerald raised their target price on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research report on Monday, May 4th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $427.32.

MasTec Trading Down 7.3%

NYSE:MTZ opened at $280.51 on Wednesday. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 44.74 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, Inc. has a 1 year low of $167.66 and a 1 year high of $441.43. The business has a fifty day moving average of $342.53 and a 200-day moving average of $337.06.

MasTec (NYSE:MTZ) last issued its quarterly earnings data 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 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%. MasTec’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Equities analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current year.

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.