Cetera Investment Advisers Has $6.52 Million Position in MasTec, Inc. $MTZ

Cetera Investment Advisers increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 10.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,273 shares of the construction company’s stock after purchasing an additional 1,983 shares during the period. Cetera Investment Advisers’ holdings in MasTec were worth $6,523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CI Investments Inc. increased its stake in MasTec by 149.5% during the 1st quarter. CI Investments Inc. now owns 22,202 shares of the construction company’s stock worth $7,143,000 after purchasing an additional 13,302 shares in the last quarter. First Trust Advisors LP lifted its stake in MasTec by 7.6% in the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock valued at $454,163,000 after buying an additional 100,151 shares in the last quarter. Chase Investment Counsel Corp lifted its stake in MasTec by 6.4% in the first quarter. Chase Investment Counsel Corp now owns 31,684 shares of the construction company’s stock valued at $10,194,000 after buying an additional 1,906 shares in the last quarter. Himension Capital Singapore PTE. LTD. acquired a new position in shares of MasTec in the first quarter valued at approximately $775,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of MasTec by 49.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the construction company’s stock valued at $1,990,000 after buying an additional 2,044 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTZ has been the topic of several research reports. Citigroup boosted their price objective on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Truist Financial increased their target price on MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Robert W. Baird lifted their price target on MasTec from $473.00 to $475.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Morgan Stanley set a $369.00 price target on MasTec in a report on Friday. Finally, The Goldman Sachs Group upped their price objective on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $461.74.

Insider Activity

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the transaction, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. The trade was a 8.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s 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 sale, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 21.40% of the company’s stock.

More MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported second-quarter revenue of $4.37 billion, up 23.4% year over year and above the approximately $4.30 billion consensus estimate. EPS increased to $2.22 from $1.49 a year earlier. Management also highlighted broad-based growth, margin expansion and backlog development. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: The company’s adjusted EBITDA margin improved by 100 basis points, while third-quarter guidance calls for $4.9 billion in revenue and $2.98 EPS. Full-year 2026 guidance of $18.2 billion in revenue and $9.30 EPS is above current analyst consensus. MasTec 2026 Q2 Results Presentation
• Neutral Sentiment: MasTec appointed Alex Spiro to its board. His experience advising large companies on governance, regulatory and strategic matters may support the company’s oversight, but the appointment is unlikely to materially affect near-term earnings. MasTec Announces Alex Spiro Board Appointment
• Negative Sentiment: The earnings result was mixed: EPS narrowly missed the broader consensus estimate of $2.23, even though it exceeded the Zacks estimate of $2.19. Investors appear to be looking beyond the headline revenue beat and questioning the quality or sustainability of the outlook. MasTec Q2 Key Metrics
• Negative Sentiment: Market coverage characterized the updated guidance as a cut relative to prior expectations, overshadowing the record quarter. This concern about forward growth expectations appears to be the primary reason MTZ moved lower despite year-over-year gains and guidance above consensus. MasTec Falls After Guidance Cut

MasTec Stock Down 18.8%

Shares of MTZ stock opened at $263.51 on Friday. The firm’s fifty day moving average price is $365.55 and its two-hundred day moving average price is $333.18. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 1 year low of $160.08 and a 1 year high of $441.43. The firm has a market capitalization of $20.82 billion, a P/E ratio of 42.03 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings data 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 business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.47% and a net margin of 3.07%.The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities analysts predict that MasTec, Inc. will post 9.18 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.