Legal & General Group Plc Buys Shares of 181,874 MasTec, Inc. $MTZ

Legal & General Group Plc bought a new position in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 181,874 shares of the construction company’s stock, valued at approximately $75,670,000.

Other institutional investors also recently modified their holdings of the company. Ascentis Independent Advisors acquired a new stake in shares of MasTec in the 1st quarter valued at approximately $30,000. Bell Investment Advisors Inc bought a new position in MasTec during the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC grew its holdings in 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 during the period. Solstein Capital LLC acquired a new position in MasTec during the second quarter valued at approximately $58,000. Finally, Northwestern Mutual Wealth Management Co. increased 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 valued at $61,000 after purchasing an additional 182 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Stock Up 1.0%

MasTec stock opened at $251.15 on Friday. The company has a 50 day moving average of $327.72 and a 200-day moving average of $337.72. 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, Inc. has a twelve month low of $171.05 and a twelve month high of $441.43. The stock has a market capitalization of $20.17 billion, a PE ratio of 40.06 and a beta of 1.81.

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. On average, equities research analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on MTZ. Truist Financial reiterated a “buy” rating and issued a $428.00 target price (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. KeyCorp lowered their price objective on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Mizuho dropped their price objective on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. The Goldman Sachs Group reduced their target price on MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Robert W. Baird decreased their target price on MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $427.32.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 21.40% of the company’s stock.

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.