TFR Capital LLC. Purchases New Shares in MasTec, Inc. $MTZ

TFR Capital LLC. purchased a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, HoldingsChannel.com reports. The firm purchased 4,753 shares of the construction company’s stock, valued at approximately $1,978,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTZ. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec in the fourth quarter valued at about $30,000. Ascentis Independent Advisors purchased a new position in shares of MasTec during the first quarter worth about $30,000. CIBC Private Wealth Group LLC grew its holdings in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after acquiring an additional 182 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in MasTec in the 1st quarter valued at about $65,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Performance

NYSE MTZ opened at $297.79 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $345.18 and its two-hundred day moving average is $335.79. MasTec, Inc. has a 12-month low of $167.66 and a 12-month high of $441.43. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of 47.50 and a beta of 1.81.

MasTec (NYSE:MTZ) last posted 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 business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the business earned $1.49 earnings per share. The firm’s quarterly 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. Research analysts expect that MasTec, Inc. will post 8.91 EPS for the current year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. KeyCorp decreased their price objective on MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. UBS Group cut their price target 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 reaffirmed a “buy” rating and set a $428.00 price target (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. 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 research report on Monday, August 3rd. Finally, Cantor Fitzgerald boosted their price objective on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, MasTec has an average rating of “Buy” and a consensus target price of $427.32.

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.