Cetera Trust Company N.A Takes $1.23 Million Position in MasTec, Inc. $MTZ

Cetera Trust Company N.A acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, according to its most recent filing with the SEC. The fund acquired 2,960 shares of the construction company’s stock, valued at approximately $1,232,000.

Other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new position in MasTec in the 2nd quarter worth about $32,000. Ascentis Independent Advisors bought a new stake in shares of MasTec during the first quarter valued at about $30,000. Solstein Capital LLC bought a new stake in shares of MasTec during the second quarter valued at about $58,000. GHP Investment Advisors Inc. purchased a new stake in shares of MasTec in the first quarter worth about $65,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of MasTec by 486.1% in the second quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock worth $88,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Mizuho reduced their price objective on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Roth Capital reiterated a “buy” rating and issued a $450.00 target price on shares of MasTec in a research note on Monday, May 4th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a report on Monday, May 4th. TD Cowen reduced their price target on shares of MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, Wall Street Zen cut shares of MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $427.32.

MasTec Stock Down 4.2%

Shares of NYSE MTZ opened at $255.21 on Tuesday. 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 $20.50 billion, a price-to-earnings ratio of 40.70 and a beta of 1.82. The business has a 50-day moving average of $335.27 and a 200-day moving average of $337.66.

MasTec (NYSE:MTZ) last posted its quarterly earnings data 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). The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last 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. Sell-side analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the 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 transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 21.40% of the stock is owned by insiders.

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.