Wedge Capital Management L L P NC Lowers Stock Holdings in MasTec, Inc. $MTZ

Wedge Capital Management L L P NC cut its position in MasTec, Inc. (NYSE:MTZ) by 18.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,999 shares of the construction company’s stock after selling 5,570 shares during the quarter. Wedge Capital Management L L P NC’s holdings in MasTec were worth $10,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in MasTec by 178.6% during the 4th 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 grew its position in MasTec by 113.3% in the 4th 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 in the last quarter. Coatue Management LLC purchased a new stake in MasTec during the fourth quarter worth about $147,357,000. Merewether Investment Management LP increased its stake in MasTec by 59.8% during the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after purchasing an additional 324,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of MasTec by 71.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock worth $155,965,000 after purchasing an additional 304,358 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MTZ shares. Morgan Stanley set a $369.00 price objective on shares of MasTec in a research note on Friday, July 31st. CICC Research started coverage on shares of MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. TD Cowen decreased their price target on shares of MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Mizuho cut their price objective on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $427.32.

MasTec Stock Performance

Shares of MasTec stock opened at $281.67 on Thursday. MasTec, Inc. has a one year low of $167.66 and a one year high of $441.43. The company has a market cap of $22.62 billion, a PE ratio of 44.92 and a beta of 1.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The business has a 50-day simple moving average of $348.27 and a 200-day simple moving average of $335.75.

MasTec (NYSE:MTZ) last released its 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). The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 forecast that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the 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 sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 21.40% of the company’s stock.

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.