PVG Asset Management Corp Takes $947,000 Position in MasTec, Inc. $MTZ

PVG Asset Management Corp bought a new position in shares of MasTec, Inc. (NYSE:MTZ) during the 1st quarter, HoldingsChannel reports. The firm bought 2,944 shares of the construction company’s stock, valued at approximately $947,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of MasTec during the fourth quarter worth about $227,000. NewEdge Advisors LLC boosted its stake in MasTec by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after purchasing an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in MasTec during the 2nd quarter worth approximately $271,000. Northwestern Mutual Wealth Management Co. increased its stake in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in MasTec by 793.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after purchasing an additional 912 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Up 0.2%

Shares of NYSE:MTZ opened at $263.51 on Monday. 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, Inc. has a 12-month low of $160.08 and a 12-month high of $441.43. The business has a 50 day moving average of $365.55 and a two-hundred day moving average of $333.95. The company has a market capitalization of $21.16 billion, a PE ratio of 42.03 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share 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 firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm earned $1.49 earnings per share. MasTec’s revenue for the quarter 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. As a group, analysts forecast that MasTec, Inc. will post 9.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MTZ. Stifel Nicolaus set a $455.00 price objective on shares of MasTec in a research note on Monday, May 4th. Citigroup upped their target price on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $493.00 price target on shares of MasTec in a report on Monday, May 4th. Guggenheim raised their price target on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Robert W. Baird lifted their price objective on shares of MasTec from $473.00 to $475.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $461.74.

Trending Headlines about MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported second-quarter revenue of $4.37 billion, up 23.4% year over year and above the approximately $4.30 billion consensus estimate. EPS increased to $2.22 from $1.49 a year earlier. Management also highlighted broad-based growth, margin expansion and backlog development. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: The company’s adjusted EBITDA margin improved by 100 basis points, while third-quarter guidance calls for $4.9 billion in revenue and $2.98 EPS. Full-year 2026 guidance of $18.2 billion in revenue and $9.30 EPS is above current analyst consensus. MasTec 2026 Q2 Results Presentation
• Neutral Sentiment: MasTec appointed Alex Spiro to its board. His experience advising large companies on governance, regulatory and strategic matters may support the company’s oversight, but the appointment is unlikely to materially affect near-term earnings. MasTec Announces Alex Spiro Board Appointment
• Negative Sentiment: The earnings result was mixed: EPS narrowly missed the broader consensus estimate of $2.23, even though it exceeded the Zacks estimate of $2.19. Investors appear to be looking beyond the headline revenue beat and questioning the quality or sustainability of the outlook. MasTec Q2 Key Metrics
• Negative Sentiment: Market coverage characterized the updated guidance as a cut relative to prior expectations, overshadowing the record quarter. This concern about forward growth expectations appears to be the primary reason MTZ moved lower despite year-over-year gains and guidance above consensus. MasTec Falls After Guidance Cut

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated 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 sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 21.40% of the company’s stock.

MasTec Company 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.