Castleark Management LLC Invests $1.12 Million in MasTec, Inc. $MTZ

Castleark Management LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,690 shares of the construction company’s stock, valued at approximately $1,119,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of MasTec in the 2nd quarter valued at approximately $3,178,069,000. Victory Capital Management Inc. raised its holdings in MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after purchasing an additional 1,690,896 shares in the last quarter. Hill City Capital LP purchased a new position in MasTec during the second quarter valued at $896,609,300,000. Peconic Partners LLC lifted 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 valued at $347,792,000 after buying an additional 850,000 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of MasTec by 7.6% during the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock valued at $454,163,000 after buying an additional 100,151 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

MasTec Stock Up 1.2%

MasTec stock opened at $249.71 on Thursday. MasTec, Inc. has a 12 month low of $171.05 and a 12 month high of $441.43. The stock has a fifty day simple moving average of $330.30 and a two-hundred day simple moving average of $337.78. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The firm has a market cap of $20.05 billion, a price-to-earnings ratio of 39.83 and a beta of 1.81.

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 analysts’ consensus estimates 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 the consensus estimate of $4.30 billion. During the same period in the previous year, the company earned $1.49 earnings per share. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Equities analysts predict that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Analysts Set New Price Targets

MTZ has been the subject of several research reports. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Morgan Stanley set a $369.00 target price on shares of MasTec in a report on Friday, July 31st. Guggenheim raised their price objective on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. CICC Research initiated coverage on MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 price objective for the company. Finally, UBS Group cut their target price on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. One equities research 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 company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $427.32.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s 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 completion of the sale, the director owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 21.40% of the stock is owned by company insiders.

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.