Commerce Bank Takes $2.88 Million Position in MasTec, Inc. $MTZ

Commerce Bank purchased a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, HoldingsChannel.com reports. The fund purchased 6,930 shares of the construction company’s stock, valued at approximately $2,883,000.

Several other large investors have also bought and sold shares of the business. Pinnbrook Capital Management LP bought a new position in MasTec in the second quarter valued at approximately $11,335,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of MasTec during the 2nd quarter valued at $6,010,000. Quantbot Technologies LP bought a new stake in shares of MasTec during the 2nd quarter valued at $3,419,000. Evolve Private Wealth LLC acquired a new position in shares of MasTec in the 2nd quarter valued at $1,232,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of MasTec in the 2nd quarter valued at $1,572,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Trading Down 4.2%

NYSE:MTZ opened at $255.21 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The business’s 50-day simple moving average is $335.27 and its 200-day simple moving average is $337.66. MasTec, Inc. has a fifty-two week low of $171.05 and a fifty-two week high of $441.43. The stock has a market capitalization of $20.50 billion, a PE ratio of 40.70 and a beta of 1.82.

MasTec (NYSE:MTZ) last issued 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 company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on 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 approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 21.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of analyst reports. Citigroup decreased their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. KeyCorp reduced their target price on MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. CICC Research assumed coverage on MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price for the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $427.32.

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.