11,648 Shares in MasTec, Inc. $MTZ Bought by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,648 shares of the construction company’s stock, valued at approximately $4,846,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in MasTec in the 2nd quarter valued at about $3,178,069,000. Hill City Capital LP acquired a new stake in MasTec in the second quarter valued at approximately $896,609,300,000. Victory Capital Management Inc. increased its holdings in shares of MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after acquiring an additional 1,690,896 shares in the last quarter. Peconic Partners LLC lifted its holdings in shares of MasTec by 113.3% in 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 in the last quarter. Finally, Coatue Management LLC acquired a new stake in MasTec in the 4th quarter valued at $147,357,000. Institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

MTZ has been the topic of several research reports. TD Cowen lowered their price objective on shares of MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. CICC Research initiated coverage on shares of MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target on the stock. Roth Capital reiterated a “buy” rating and set a $450.00 price target on shares of MasTec in a research note on Monday, May 4th. Weiss Ratings downgraded MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, UBS Group dropped their target price on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, MasTec presently has a consensus rating of “Buy” and an average target price of $427.32.

MasTec Price Performance

MasTec stock opened at $255.21 on Tuesday. MasTec, Inc. has a 52 week low of $171.05 and a 52 week high of $441.43. The company’s 50 day moving average price is $335.27 and its two-hundred day moving average price is $337.66. 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 stock has a market cap of $20.50 billion, a P/E ratio of 40.70 and a beta of 1.82.

MasTec (NYSE:MTZ) last announced its 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 business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, equities analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was 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 owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 21.40% of the company’s stock.

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.