Danske Bank A S Takes Position in MasTec, Inc. $MTZ

Danske Bank A S purchased a new position in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 58,959 shares of the construction company’s stock, valued at approximately $24,530,000.

Other hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in MasTec in the 4th quarter valued at $30,000. Ascentis Independent Advisors purchased a new position in MasTec during the 1st quarter worth $30,000. Bell Investment Advisors Inc acquired a new stake in shares of MasTec in the 2nd quarter worth $32,000. CIBC Private Wealth Group LLC boosted its holdings in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after acquiring an additional 186 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Roth Capital reissued a “buy” rating and set a $450.00 price target on shares of MasTec in a report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. KeyCorp dropped their target price on MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Citigroup cut their target price on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Finally, Robert W. Baird decreased their price target on MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $427.32.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’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 transaction of $2,412,605.00. Following the sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 21.40% of the company’s stock.

MasTec Stock Down 2.9%

Shares of NYSE MTZ opened at $271.94 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 52 week low of $167.66 and a 52 week high of $441.43. The firm has a 50-day moving average price of $341.26 and a 200 day moving average price of $337.25. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 43.37 and a beta of 1.81.

MasTec (NYSE:MTZ) last released 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). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm posted $1.49 EPS. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Equities research analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current fiscal 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.