OMERS ADMINISTRATION Corp Invests $1.40 Million in MasTec, Inc. $MTZ

OMERS ADMINISTRATION Corp bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,365 shares of the construction company’s stock, valued at approximately $1,400,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of MasTec in the second quarter worth about $3,178,069,000. Victory Capital Management Inc. raised its holdings in shares of MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after acquiring an additional 1,690,896 shares during the period. Peconic Partners LLC raised its holdings in shares of MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after acquiring an additional 850,000 shares during the period. Coatue Management LLC purchased a new stake in shares of MasTec in the 4th quarter valued at approximately $147,357,000. Finally, Bank of New York Mellon Corp acquired a new position in MasTec in the 2nd quarter worth approximately $280,544,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Up 1.2%

MTZ stock opened at $249.71 on Thursday. The company has a 50 day moving average of $330.30 and a two-hundred day moving average of $337.78. The company has a market cap of $20.05 billion, a price-to-earnings ratio of 39.83 and a beta of 1.81. MasTec, Inc. has a 12-month low of $171.05 and a 12-month high of $441.43. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $1.49 earnings per share. The company’s revenue 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. On average, equities analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other MasTec 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 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 owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on MTZ. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research report on Monday, May 4th. KeyCorp decreased their target price on MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Cantor Fitzgerald lifted their price target on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. TD Cowen dropped their price target on MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Guggenheim increased their price objective on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, MasTec currently has a consensus rating of “Buy” and an average 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.