MasTec (NYSE:MTZ) Stock Purchased Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of MasTec, Inc. (NYSE:MTZ). In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in MasTec stock on August 21st. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 8/27/2026.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Stryker (NYSE:SYK) on 7/22/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/22/2026.
• Purchased $1,001 – $15,000 in shares of Toast (NYSE:TOST) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 7/7/2026.
• Purchased $1,001 – $15,000 in shares of EQT (NYSE:EQT) on 7/7/2026.
• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 6/30/2026.

MasTec Stock Performance

MasTec stock opened at $227.41 on Tuesday. MasTec, Inc. has a fifty-two week low of $182.34 and a fifty-two week high of $441.43. The firm’s 50 day simple moving average is $290.03 and its 200-day simple moving average is $334.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The company has a market cap of $18.26 billion, a P/E ratio of 36.27 and a beta of 1.82.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the company posted $1.49 EPS. The firm’s revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, equities research analysts predict that MasTec, Inc. will post 8.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MTZ shares. Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. KeyCorp lowered their price target on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Truist Financial reiterated a “buy” rating and set a $428.00 price objective (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Mizuho lowered their target price on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. Finally, UBS Group reduced their target price on shares of MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, MasTec has an average rating of “Moderate Buy” and an average price target of $422.00.

Institutional Trading of MasTec

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its stake in MasTec by 22.3% in the second quarter. Sequoia Financial Advisors LLC now owns 24,540 shares of the construction company’s stock valued at $10,210,000 after acquiring an additional 4,482 shares during the period. Tidal Investments LLC lifted its holdings in shares of MasTec by 114.9% during the 2nd quarter. Tidal Investments LLC now owns 67,844 shares of the construction company’s stock valued at $28,227,000 after purchasing an additional 36,276 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of MasTec by 157.6% in the 2nd quarter. NewEdge Advisors LLC now owns 8,841 shares of the construction company’s stock valued at $3,678,000 after purchasing an additional 5,409 shares during the period. Baird Financial Group Inc. grew its position in shares of MasTec by 25.3% in the 2nd quarter. Baird Financial Group Inc. now owns 1,144 shares of the construction company’s stock valued at $476,000 after purchasing an additional 231 shares during the period. Finally, Arizona State Retirement System increased its stake in MasTec by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 17,516 shares of the construction company’s stock worth $7,288,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec’s communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.