Silvant Capital Management LLC Invests $5.63 Million in MasTec, Inc. $MTZ

Silvant Capital Management LLC bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,541 shares of the construction company’s stock, valued at approximately $5,634,000.

Several other institutional investors also recently bought and sold shares of MTZ. Bell Investment Advisors Inc purchased a new stake in MasTec in the 2nd quarter worth $32,000. Ascentis Independent Advisors bought a new position in shares of MasTec during the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of MasTec during the fourth quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new position in shares of MasTec during the first quarter valued at about $65,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of MasTec by 486.1% in the second quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock worth $88,000 after purchasing an additional 175 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MTZ. Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Robert W. Baird cut their price target on MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. CICC Research assumed coverage on MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. Finally, UBS Group lowered their target price on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, MasTec currently has an average rating of “Buy” and an average target price of $427.32.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director 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 can be accessed through the SEC website. 21.40% of the stock is owned by insiders.

MasTec Stock Down 0.4%

Shares of NYSE MTZ opened at $271.03 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. MasTec, Inc. has a 12-month low of $171.05 and a 12-month high of $441.43. The firm’s 50-day moving average price is $339.52 and its 200-day moving average price is $337.46. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 43.23 and a beta of 1.81.

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). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the business posted $1.49 EPS. The company’s revenue 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 research analysts anticipate 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.