SIR Capital Management L.P. Purchases Shares of 50,469 MasTec, Inc. $MTZ

SIR Capital Management L.P. purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 50,469 shares of the construction company’s stock, valued at approximately $20,998,000. MasTec accounts for approximately 2.4% of SIR Capital Management L.P.’s holdings, making the stock its 8th biggest holding.

Other large investors also recently made changes to their positions in the company. Ascentis Independent Advisors bought a new stake in MasTec in the 1st quarter valued at $30,000. Bell Investment Advisors Inc acquired a new position in MasTec in the 2nd quarter worth $32,000. CIBC Private Wealth Group LLC increased its holdings in MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after purchasing an additional 186 shares in the last quarter. Solstein Capital LLC bought a new position in MasTec during the 2nd quarter worth about $58,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Down 4.2%

Shares of MTZ stock opened at $255.21 on Tuesday. The firm’s fifty day moving average price is $335.27 and its two-hundred day moving average price is $337.66. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 1 year low of $171.05 and a 1 year high of $441.43. The firm has a market capitalization of $20.50 billion, a P/E ratio of 40.70 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities analysts predict that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen lowered MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley set a $369.00 price objective on MasTec in a report on Friday, July 31st. 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. CICC Research assumed coverage on MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price on the stock. Finally, Stifel Nicolaus set a $455.00 price target on MasTec in a research report on Monday, May 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. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $427.32.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.40% of the company’s stock.

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.