Deutsche Bank AG Invests $49.40 Million in MasTec, Inc. $MTZ

Deutsche Bank AG acquired a new position in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, HoldingsChannel reports. The fund acquired 118,727 shares of the construction company’s stock, valued at approximately $49,398,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in MasTec by 178.6% in 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 in the last quarter. Peconic Partners LLC boosted its stake in MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. First Trust Advisors LP boosted its stake in MasTec by 7.6% during the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock worth $454,163,000 after purchasing an additional 100,151 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of MasTec by 6.0% during the first quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company’s stock worth $427,935,000 after buying an additional 75,100 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of MasTec by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock valued at $265,395,000 after buying an additional 94,344 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTZ. Roth Capital reissued a “buy” rating and issued a $450.00 target price on shares of MasTec in a research note on Monday, May 4th. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research report on Monday, May 4th. TD Cowen cut 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. Truist Financial reaffirmed a “buy” rating and set a $428.00 price objective (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $427.32.

MasTec Trading Down 1.8%

Shares of MasTec stock opened at $266.89 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The firm has a market cap of $21.43 billion, a PE ratio of 42.57 and a beta of 1.81. MasTec, Inc. has a fifty-two week low of $171.05 and a fifty-two week high of $441.43. The business’s fifty day moving average is $337.60 and its two-hundred day moving average is $336.97.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the company earned $1.49 EPS. MasTec’s quarterly 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. Analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.40% of the stock is currently owned by insiders.

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.