2,962 Shares in MasTec, Inc. $MTZ Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,962 shares of the construction company’s stock, valued at approximately $1,232,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of MasTec during the second quarter worth about $3,178,069,000. Victory Capital Management Inc. lifted its stake in MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after buying an additional 1,690,896 shares in the last quarter. Peconic Partners LLC boosted its holdings in MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after buying an additional 850,000 shares during the last quarter. Coatue Management LLC purchased a new stake in MasTec during the 4th quarter worth approximately $147,357,000. Finally, Bank of New York Mellon Corp purchased a new stake in MasTec during the 2nd quarter worth approximately $280,544,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Trading Up 0.2%

Shares of MTZ stock opened at $266.89 on Monday. MasTec, Inc. has a twelve month low of $171.05 and a twelve month high of $441.43. The stock has a market cap of $21.43 billion, a price-to-earnings ratio of 42.57 and a beta of 1.82. The company’s 50-day moving average price is $337.60 and its 200-day moving average price is $337.62. 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 posted its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter 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. As a group, equities analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MTZ shares. Roth Capital restated a “buy” rating and issued a $450.00 target price on shares of MasTec in a research report on Monday, May 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. B. Riley Financial restated a “buy” rating on shares of MasTec in a report on Monday, May 4th. UBS Group lowered their target price on shares of MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One research 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $427.32.

Insider Buying and Selling

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction 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 transaction, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.40% of the stock is owned by corporate insiders.

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.