24,536 Shares in MasTec, Inc. $MTZ Acquired by Nykredit A S

Nykredit A S purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,536 shares of the construction company’s stock, valued at approximately $10,208,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ascentis Independent Advisors purchased a new stake in shares of MasTec in the first quarter valued at about $30,000. Bell Investment Advisors Inc purchased a new position in shares of MasTec during the 2nd quarter worth approximately $32,000. Transamerica Financial Advisors LLC purchased a new position in shares of MasTec during the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC raised its position in shares of 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 during the last quarter. Finally, Solstein Capital LLC purchased a new stake in MasTec in the 2nd quarter valued at approximately $58,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analysts Set New Price Targets

MTZ has been the topic of a number of analyst reports. Zacks Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Citigroup cut their target price on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Mizuho reduced their target price on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Robert W. Baird decreased their price target on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Nineteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $427.32.

MasTec Trading Up 2.0%

NYSE:MTZ opened at $236.81 on Friday. The business’s 50-day moving average is $308.84 and its two-hundred day moving average is $336.07. The firm has a market capitalization of $19.02 billion, a PE ratio of 37.77 and a beta of 1.82. MasTec, Inc. has a 12 month low of $171.05 and a 12 month high of $441.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37.

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 the consensus estimate of $2.23 by ($0.01). The firm had revenue of $4.37 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $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. Research analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current fiscal 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.