Public Employees Retirement System of Ohio Makes New $12.42 Million Investment in MasTec, Inc. $MTZ

Public Employees Retirement System of Ohio purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 29,862 shares of the construction company’s stock, valued at approximately $12,424,000.

Several other large investors also recently made changes to their positions in MTZ. Brighton Jones LLC acquired a new position in MasTec in the 4th quarter valued at about $227,000. NewEdge Advisors LLC increased its position in MasTec by 32.6% during the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after acquiring an additional 1,083 shares during the period. Sivia Capital Partners LLC acquired a new stake in MasTec in the 2nd quarter worth about $271,000. Northwestern Mutual Wealth Management Co. raised its position in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after acquiring an additional 912 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were 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 of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 21.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MTZ shares. CICC Research assumed coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target on the stock. B. Riley Financial restated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Guggenheim lifted their price target on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $427.32.

MasTec Stock Performance

Shares of MTZ stock opened at $241.08 on Monday. The business’s 50-day moving average price is $324.93 and its 200-day moving average price is $337.57. 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. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 38.45 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. 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 forecast 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.