Globeflex Capital L P Makes New Investment in MasTec, Inc. $MTZ

Globeflex Capital L P acquired a new position in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, Holdings Channel reports. The firm acquired 3,574 shares of the construction company’s stock, valued at approximately $1,487,000.

Other large investors have also bought and sold shares of the company. Ascentis Independent Advisors purchased a new position in shares of MasTec during the 1st quarter worth approximately $30,000. Bell Investment Advisors Inc bought a new stake in shares of MasTec during the second quarter valued at approximately $32,000. CIBC Private Wealth Group LLC boosted its position in shares of MasTec by 372.0% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in MasTec by 105.2% in the second 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 during the period. Finally, GHP Investment Advisors Inc. bought a new position in MasTec in the first quarter worth $65,000. 78.10% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred 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 completion of the sale, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 21.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTZ. JPMorgan Chase & Co. upped their target price on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Roth Capital restated a “buy” rating and issued a $450.00 price objective on shares of MasTec in a report on Monday, May 4th. Robert W. Baird decreased their target price on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Citigroup cut their price target on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $427.32.

MasTec Stock Performance

MTZ stock opened at $255.21 on Tuesday. The stock’s 50 day simple moving average is $335.27 and its 200 day simple moving average is $337.66. 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 $171.05 and a 12-month 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 posted its 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 business 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 period in the previous year, the business 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. As a group, research analysts forecast that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

About MasTec

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.