246,593 Shares in MasTec, Inc. $MTZ Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new position in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 246,593 shares of the construction company’s stock, valued at approximately $102,597,000. MasTec comprises approximately 0.7% of Freestone Grove Partners LP’s holdings, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ascentis Independent Advisors acquired a new position in shares of MasTec during the first quarter worth approximately $30,000. Bell Investment Advisors Inc acquired a new stake in MasTec in the 2nd quarter valued at $32,000. CIBC Private Wealth Group LLC grew its position in MasTec by 372.0% in the 4th 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. Solstein Capital LLC bought a new stake in MasTec during the 2nd quarter valued at $58,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MTZ. Truist Financial reaffirmed 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. Mizuho lowered their target price on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. UBS Group dropped their price target on shares of MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Cantor Fitzgerald lifted their price target on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, CICC Research assumed coverage on MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price on the stock. 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. Based on data from MarketBeat.com, MasTec has an average rating of “Buy” and an average target price of $427.32.

MasTec Trading Up 1.2%

Shares of MTZ stock opened at $249.71 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The company has a market capitalization of $20.05 billion, a price-to-earnings ratio of 39.83 and a beta of 1.81. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43. The company has a 50-day simple moving average of $330.30 and a two-hundred day simple moving average of $337.78.

MasTec (NYSE:MTZ) last posted its 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 firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $1.49 EPS. MasTec’s quarterly revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Research analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on 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 sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 21.40% of the company’s stock.

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.