Sequoia Financial Advisors LLC Acquires 4,482 Shares of MasTec, Inc. $MTZ

Sequoia Financial Advisors LLC raised its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 22.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 24,540 shares of the construction company’s stock after buying an additional 4,482 shares during the period. Sequoia Financial Advisors LLC’s holdings in MasTec were worth $10,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Ascentis Independent Advisors bought a new stake in shares of MasTec during the 1st quarter worth about $30,000. Bell Investment Advisors Inc acquired a new stake in MasTec during the second quarter worth approximately $32,000. Transamerica Financial Advisors LLC bought a new stake in shares of MasTec during the second quarter worth approximately $32,000. CIBC Private Wealth Group LLC grew its position 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 purchasing an additional 186 shares during the last quarter. Finally, Solstein Capital LLC bought a new position in shares of MasTec during the second quarter worth approximately $58,000. 78.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTZ. Mizuho reduced their target price on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. Robert W. Baird cut their price target on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. CICC Research assumed coverage on MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price for the company. Finally, Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, MasTec has an average rating of “Moderate Buy” and an average target price of $422.00.

MasTec Stock Down 3.5%

Shares of NYSE:MTZ opened at $232.19 on Friday. The company has a fifty day moving average of $295.78 and a 200-day moving average of $335.59. The company has a market capitalization of $18.65 billion, a PE ratio of 37.03 and a beta of 1.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. MasTec, Inc. has a 52-week low of $182.34 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 firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 earnings per share. 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 analysts predict that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

MasTec Profile

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec’s communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.