Nissay Asset Management Corp Japan Invests $3.43 Million in MasTec, Inc. $MTZ

Nissay Asset Management Corp Japan purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the second quarter, Holdings Channel reports. The firm purchased 8,252 shares of the construction company’s stock, valued at approximately $3,433,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTZ. Earned Wealth Advisors LLC increased its stake in shares of MasTec by 2.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after acquiring an additional 28 shares during the last quarter. Aigen Investment Management LP raised its position in MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after purchasing an additional 38 shares during the period. Everhart Financial Group Inc. raised its position in MasTec by 5.4% in the second quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after purchasing an additional 45 shares during the period. Motley Fool Asset Management LLC lifted its stake in MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after purchasing an additional 47 shares in the last quarter. Finally, Williamson Legacy Group LLC boosted its position in shares of MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 21.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MTZ has been the topic of several research analyst reports. CICC Research initiated coverage on MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective on the stock. UBS Group dropped their target price on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Truist Financial reiterated a “buy” rating and set a $428.00 price target (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Roth Capital reissued a “buy” rating and set a $450.00 price target on shares of MasTec in a research report on Monday, May 4th. Finally, KeyCorp dropped their price objective on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, MasTec currently has an average rating of “Moderate Buy” and a consensus target price of $427.32.

MasTec Price Performance

Shares of NYSE MTZ opened at $239.91 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 38.26 and a beta of 1.82. The stock’s 50-day moving average is $321.60 and its two-hundred day moving average is $337.42. MasTec, Inc. has a 1-year low of $171.05 and a 1-year high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) 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 company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The business’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. Analysts forecast 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.