Reliant Investment Partners LLC Takes $1.09 Million Position in MasTec, Inc. $MTZ

Reliant Investment Partners LLC purchased a new position in MasTec, Inc. (NYSE:MTZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,633 shares of the construction company’s stock, valued at approximately $1,095,000.

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

Insider Activity

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 trade represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.40% of the stock is currently owned by company insiders.

MasTec Stock Performance

MTZ stock opened at $271.03 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. MasTec, Inc. has a 1 year low of $171.05 and a 1 year high of $441.43. The company has a market cap of $21.77 billion, a P/E ratio of 43.23 and a beta of 1.81. The stock’s fifty day moving average price is $339.52 and its 200-day moving average price is $337.46.

MasTec (NYSE:MTZ) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.49 EPS. 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 forecast that MasTec, Inc. will post 8.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MTZ shares. Guggenheim upped their price target on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a report on Monday, May 4th. Citigroup decreased their target price 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 lowered their target price on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, MasTec presently has a consensus rating of “Buy” and a consensus price target of $427.32.

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.