MasTec, Inc. $MTZ Stake Lessened by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of MasTec, Inc. (NYSE:MTZ) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,624 shares of the construction company’s stock after selling 3,321 shares during the quarter. Sterling Capital Management LLC’s holdings in MasTec were worth $6,969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTZ. BlackRock Inc. acquired a new stake in MasTec in the second quarter worth approximately $3,178,069,000. Hill City Capital LP bought a new position in MasTec during the 2nd quarter valued at $896,609,300. 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 valued at $454,163,000 after purchasing an additional 100,151 shares in the last quarter. Bank of America Corp DE bought a new position in MasTec during the 2nd quarter valued at $555,825,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of MasTec during the 2nd quarter valued at $280,544,000. Institutional investors own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MTZ. The Goldman Sachs Group reissued a “buy” rating and issued a $274.00 price objective on shares of MasTec in a research note on Thursday. Morgan Stanley set a $369.00 price objective on MasTec in a report on Friday, July 31st. UBS Group decreased their target price on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Truist Financial lowered their target price on MasTec from $428.00 to $380.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, Robert W. Baird dropped their price target on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.10.

MasTec Trading Down 0.2%

NYSE MTZ opened at $171.13 on Friday. MasTec, Inc. has a twelve month low of $164.31 and a twelve month high of $441.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of 27.29 and a beta of 1.84. The firm’s 50 day moving average price is $225.03 and its two-hundred day moving average price is $314.54.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates 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 period last year, the firm 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. Equities analysts anticipate that MasTec, Inc. will post 8.87 EPS for the current year.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.