The Manufacturers Life Insurance Company Purchases Shares of 39,643 MasTec, Inc. $MTZ

The Manufacturers Life Insurance Company acquired a new position in MasTec, Inc. (NYSE:MTZ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 39,643 shares of the construction company’s stock, valued at approximately $16,494,000.

A number of other institutional investors have also made changes to their positions in the business. Bell Investment Advisors Inc bought a new stake in MasTec during the 2nd quarter valued at approximately $32,000. Ascentis Independent Advisors bought a new position in MasTec in the 1st quarter worth approximately $30,000. Solstein Capital LLC acquired a new position in shares of MasTec during the second quarter worth approximately $58,000. GHP Investment Advisors Inc. acquired a new position in shares of MasTec during the first quarter worth approximately $65,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of MasTec by 486.1% during 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 during the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Performance

Shares of NYSE:MTZ opened at $241.08 on Friday. The stock has a market capitalization of $19.36 billion, a price-to-earnings ratio of 38.45 and a beta of 1.81. 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 fifty day moving average price is $324.93 and its two-hundred day moving average price is $337.05. MasTec, Inc. has a fifty-two week low of $171.05 and a fifty-two week high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior 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. As a group, analysts predict that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTZ shares. CICC Research started coverage on shares of MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective on the stock. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a report on Monday, May 4th. Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $427.32.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on 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 completion of the transaction, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.40% of the stock is owned by corporate insiders.

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.