10,272 MasTec, Inc. $MTZ Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 170.3% during the third quarter, Holdings Channel.com reports. The firm owned 16,303 shares of the construction company’s stock after buying an additional 10,272 shares during the quarter. Park Avenue Securities LLC’s holdings in MasTec were worth $3,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. GK Wealth Management LLC bought a new stake in MasTec in the 3rd quarter valued at $29,000. Ascentis Independent Advisors bought a new position in MasTec during the 1st quarter worth $30,000. Bell Investment Advisors Inc bought a new position in MasTec during the 2nd quarter worth $32,000. Transamerica Financial Advisors LLC bought a new position in MasTec during the 2nd quarter worth $32,000. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of MasTec by 40.7% during the third quarter. Armstrong Advisory Group Inc. now owns 197 shares of the construction company’s stock worth $42,000 after buying an additional 57 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Third-quarter revenue reached approximately $5.2 billion, while adjusted EBITDA was $486 million; both increased about 30% year over year and exceeded expectations. EPS of $2.96 also topped the roughly $2.94–$2.95 consensus. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Power Delivery was a key growth driver, and MasTec’s backlog rose approximately 46% year over year to a record $24.5 billion. The backlog supports visibility into future revenue and reinforces demand for the company’s infrastructure services. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength
• Neutral Sentiment: The earnings release and management’s earnings call highlighted continued opportunities tied to power infrastructure and data-center-related demand, although project timing remains an important factor for the near-term outlook. MasTec Q3 2026 Earnings Call Transcript
• Negative Sentiment: MasTec reduced its full-year 2026 profit outlook because pipeline delays are postponing expected project activity. That guidance cut limits the benefit of the quarterly beats and may keep investors focused on execution and project-start timing. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength

MasTec Price Performance

MasTec stock opened at $186.03 on Friday. The stock’s fifty day moving average price is $215.62 and its two-hundred day moving average price is $300.41. MasTec, Inc. has a one year low of $164.31 and a one 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. The firm has a market cap of $14.94 billion, a PE ratio of 30.40 and a beta of 1.84.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.01. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.94 billion. MasTec had a return on equity of 18.85% and a net margin of 2.80%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.48 EPS. As a group, research analysts expect that MasTec, Inc. will post 8.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MTZ. TD Cowen reduced their target price on shares of MasTec from $420.00 to $320.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Mizuho set a $352.00 price target on shares of MasTec in a research report on Wednesday, October 7th. UBS Group dropped their price objective on shares of MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $274.00 price objective on shares of MasTec in a report on Thursday, October 22nd. Nineteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.10.

MasTec Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.