PDT Partners LLC Buys Shares of 25,533 MasTec, Inc. $MTZ

PDT Partners LLC bought a new position in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,533 shares of the construction company’s stock, valued at approximately $10,623,000.

Several other hedge funds also recently modified their holdings of MTZ. BlackRock Inc. bought a new position in shares of MasTec during the 2nd quarter valued at $3,178,069,000. Hill City Capital LP bought a new stake in MasTec in the second quarter worth $896,609,300,000. Victory Capital Management Inc. increased its position in MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after buying an additional 1,690,896 shares during the last quarter. Peconic Partners LLC increased its position in MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after buying an additional 850,000 shares during the last quarter. Finally, Coatue Management LLC bought a new position in MasTec during the fourth quarter valued at about $147,357,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred 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 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 filing with the SEC, which is available through this link. 21.40% of the stock is owned by company insiders.

MasTec Stock Down 3.4%

MTZ stock opened at $246.66 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43. The company has a 50-day moving average of $332.81 and a two-hundred day moving average of $337.74. The stock has a market capitalization of $19.81 billion, a price-to-earnings ratio of 39.34 and a beta of 1.81.

MasTec (NYSE:MTZ) last issued 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 business had revenue of $4.37 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, equities research analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Citigroup cut their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Wall Street Zen lowered MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Stifel Nicolaus set a $455.00 target price on MasTec in a research report on Monday, May 4th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $427.32.

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.