Corient Private Wealth LP Buys Shares of 14,691 MasTec, Inc. $MTZ

Corient Private Wealth LP purchased a new position in MasTec, Inc. (NYSE:MTZ) in the second quarter, HoldingsChannel reports. The institutional investor purchased 14,691 shares of the construction company’s stock, valued at approximately $6,112,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MTZ. Earned Wealth Advisors LLC lifted its holdings in shares of MasTec by 2.8% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after acquiring an additional 28 shares during the last quarter. Aigen Investment Management LP grew its position in MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after acquiring an additional 38 shares in the last quarter. Everhart Financial Group Inc. increased its stake in MasTec by 5.4% in the second quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after acquiring an additional 45 shares during the last quarter. Motley Fool Asset Management LLC increased its stake in MasTec by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after acquiring an additional 47 shares during the last quarter. Finally, Williamson Legacy Group LLC raised its position in MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of NYSE:MTZ opened at $239.91 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The stock has a market cap of $19.27 billion, a PE ratio of 38.26 and a beta of 1.82. The company’s fifty day moving average is $321.60 and its 200 day moving average is $337.42. MasTec, Inc. has a 52 week low of $171.05 and a 52 week high of $441.43.

MasTec (NYSE:MTZ) last posted 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). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the company earned $1.49 earnings per share. The business’s quarterly revenue was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Research analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTZ. Jefferies Financial Group reaffirmed a “buy” rating and set a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. Cantor Fitzgerald increased their price objective on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Citigroup decreased their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Truist Financial restated a “buy” rating and issued a $428.00 target price (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. Finally, TD Cowen cut their target price on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $427.32.

Insiders Place Their Bets

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction 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. This represents a 37.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 21.40% of the stock is owned by corporate insiders.

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.