Northwestern Mutual Wealth Management Co. Decreases Holdings in MasTec, Inc. $MTZ

Northwestern Mutual Wealth Management Co. decreased its stake in MasTec, Inc. (NYSE:MTZ) by 90.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,446 shares of the construction company’s stock after selling 138,235 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in MasTec were worth $6,010,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on MTZ shares. CICC Research assumed coverage on MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price on the stock. Citigroup decreased their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Mizuho lowered their price objective on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. UBS Group dropped their price objective on shares of MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Nineteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $427.32.

MasTec Trading Down 1.3%

Shares of MTZ stock opened at $232.37 on Friday. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 37.06 and a beta of 1.82. The company’s fifty day simple moving average is $312.03 and its two-hundred day simple moving average is $336.77. MasTec, Inc. has a 1 year low of $171.05 and a 1 year high of $441.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec’s revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 earnings per share. 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, analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current 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.