Lombard Odier Asset Management Europe Ltd Purchases New Shares in MasTec, Inc. $MTZ

Lombard Odier Asset Management Europe Ltd bought a new position in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the construction company’s stock, valued at approximately $1,664,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in shares of MasTec in the 1st quarter worth approximately $30,000. Bell Investment Advisors Inc acquired a new stake in MasTec during the second quarter worth about $32,000. Transamerica Financial Advisors LLC bought a new position in MasTec in the second quarter worth about $32,000. CIBC Private Wealth Group LLC boosted its stake in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after acquiring an additional 186 shares during the period. Finally, Solstein Capital LLC acquired a new position in MasTec in the second quarter valued at approximately $58,000. 78.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MTZ shares. Mizuho dropped their target price on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. The Goldman Sachs Group cut their target price on shares of MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Cantor Fitzgerald increased their price target on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley set a $369.00 price target on MasTec in a research note on Friday, July 31st. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $427.32.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 21.40% of the stock is owned by insiders.

MasTec Trading Down 4.0%

Shares of NYSE:MTZ opened at $241.08 on Friday. The firm has a fifty day moving average of $324.93 and a two-hundred day moving average of $337.05. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 12-month low of $171.05 and a 12-month high of $441.43. The firm has a market capitalization of $19.36 billion, a P/E ratio of 38.45 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 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business earned $1.49 earnings per share. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. On average, equities analysts expect that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

MasTec 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.