Flputnam Investment Management Co. Takes Position in MasTec, Inc. $MTZ

Flputnam Investment Management Co. acquired a new position in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,824 shares of the construction company’s stock, valued at approximately $3,671,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTZ. Cookson Peirce & Co. Inc. boosted its holdings in MasTec by 11.5% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 10,324 shares of the construction company’s stock valued at $4,295,000 after acquiring an additional 1,061 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in MasTec by 27.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 403,709 shares of the construction company’s stock worth $167,967,000 after purchasing an additional 87,560 shares during the period. New Mexico Educational Retirement Board lifted its position in MasTec by 5.0% in the second quarter. New Mexico Educational Retirement Board now owns 12,700 shares of the construction company’s stock valued at $5,284,000 after purchasing an additional 600 shares during the last quarter. Royal London Asset Management Ltd. bought a new stake in MasTec in the second quarter valued at approximately $118,000. Finally, Van ECK Associates Corp purchased a new stake in shares of MasTec during the second quarter valued at approximately $5,926,000. Institutional investors own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MTZ. Mizuho decreased their target price on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. CICC Research initiated coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target on the stock. TD Cowen decreased their price objective on shares of MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Guggenheim upped their price objective on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $427.32.

MasTec Price Performance

MTZ opened at $241.08 on Monday. 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 stock has a market capitalization of $19.36 billion, a PE ratio of 38.45 and a beta of 1.82. The stock’s 50 day moving average price is $324.93 and its 200-day moving average price is $337.57. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business’s revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. 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 research analysts predict that MasTec, Inc. will post 8.91 EPS for the current year.

Insider Buying and Selling at MasTec

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