Focus Partners Advisor Solutions LLC Makes New Investment in MasTec, Inc. $MTZ

Focus Partners Advisor Solutions LLC purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,841 shares of the construction company’s stock, valued at approximately $766,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MTZ. Victory Capital Management Inc. grew its holdings in MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after purchasing an additional 1,690,896 shares during the period. Peconic Partners LLC increased its position in MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. Coatue Management LLC purchased a new position in MasTec during the fourth quarter worth approximately $147,357,000. Merewether Investment Management LP raised its stake in MasTec by 59.8% during the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after purchasing an additional 324,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of MasTec by 71.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after purchasing an additional 304,358 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the 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 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings raised shares of MasTec from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. UBS Group cut their target price on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Truist Financial reiterated a “buy” rating and issued a $428.00 target price (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Wall Street Zen cut MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, MasTec currently has a consensus rating of “Buy” and an average price target of $427.32.

MasTec Stock Up 1.7%

Shares of MasTec stock opened at $302.51 on Tuesday. MasTec, Inc. has a 1-year low of $167.66 and a 1-year high of $441.43. The company has a market capitalization of $24.29 billion, a PE ratio of 48.25 and a beta of 1.82. 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 business has a 50-day moving average of $343.99 and a 200-day moving average of $336.81.

MasTec (NYSE:MTZ) last released 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). The business had revenue of $4.37 billion during 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 revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 EPS. 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 analysts forecast that MasTec, Inc. will post 8.91 EPS 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.