Squarepoint Ops LLC Sells 204,754 Shares of MasTec, Inc. $MTZ

Squarepoint Ops LLC decreased its stake in MasTec, Inc. (NYSE:MTZ) by 89.3% in the second quarter, Holdings Channel.com reports. The firm owned 24,496 shares of the construction company’s stock after selling 204,754 shares during the period. Squarepoint Ops LLC’s holdings in MasTec were worth $10,192,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in MasTec in the fourth quarter worth $227,000. NewEdge Advisors LLC increased its position in MasTec by 32.6% during the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after acquiring an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of MasTec in the second quarter valued at $271,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of MasTec by 105.2% in the second 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, EverSource Wealth Advisors LLC lifted its holdings in shares of MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after acquiring an additional 912 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Trading Down 3.5%

NYSE MTZ opened at $232.19 on Friday. The stock has a market cap of $18.65 billion, a PE ratio of 37.03 and a beta of 1.82. MasTec, Inc. has a 12 month low of $182.34 and a 12 month high of $441.43. The company’s 50-day moving average price is $295.78 and its 200-day moving average price is $335.59. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last announced its quarterly earnings data 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). The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Equities research analysts forecast that MasTec, Inc. will post 8.91 earnings per share for the current year.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of recent analyst reports. Mizuho dropped their price target on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Truist Financial reissued a “buy” rating and issued a $428.00 price objective (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Citigroup dropped their target price on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. 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 note on Tuesday, August 4th. Finally, Morgan Stanley set a $369.00 price target on MasTec in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $422.00.

MasTec 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.