Northwestern Mutual Wealth Management Co. Purchases Shares of 14,446 MasTec, Inc. $MTZ

Northwestern Mutual Wealth Management Co. purchased a new stake in MasTec, Inc. (NYSE:MTZ) during the second quarter, Holdings Channel reports. The firm purchased 14,446 shares of the construction company’s stock, valued at approximately $6,010,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTZ. Quantbot Technologies LP bought a new position in shares of MasTec during the 2nd quarter worth approximately $3,419,000. Evolve Private Wealth LLC acquired a new stake in MasTec in the second quarter valued at approximately $1,232,000. Landscape Capital Management L.L.C. acquired a new stake in MasTec in the second quarter valued at approximately $1,572,000. Korea Investment CORP purchased a new position in MasTec in the second quarter worth $19,012,000. Finally, Ieq Capital LLC purchased a new position in MasTec in the second quarter worth $16,656,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group reduced their price target on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Citigroup lowered their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Mizuho dropped their target price on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. TD Cowen reduced their target price on MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Wall Street Zen cut MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, MasTec presently has a consensus rating of “Buy” and a consensus target price of $427.32.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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 sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 21.40% of the company’s stock.

MasTec Trading Up 0.2%

Shares of MasTec stock opened at $266.89 on Monday. The firm’s 50 day simple moving average is $337.60 and its two-hundred day simple moving average is $337.62. The firm has a market capitalization of $21.43 billion, a price-to-earnings ratio of 42.57 and a beta of 1.82. MasTec, Inc. has a 12-month low of $171.05 and a 12-month high of $441.43. 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 issued its 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). 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 analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the company earned $1.49 EPS. MasTec’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. Analysts predict that MasTec, Inc. will post 8.91 EPS for the current 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.