MasTec (NYSE:MTZ) Shares Acquired Rep. Thomas H. Kean, Jr.

Key Points

• Rep. Thomas H. Kean Jr. purchased between $1,001 and $15,000 of MasTec shares on August 21 through the Kean Family Partnership account.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year, while earnings of $2.22 per share narrowly missed estimates. The company maintained 2026 guidance of $9.30 EPS.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $422 average price target; institutional investors own 78.1% of MasTec’s stock.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of MasTec, Inc. NYSE: MTZ. In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in MasTec stock on August 21st. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 8/27/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/27/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 8/27/2026.
• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 7/22/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/22/2026.
• Purchased $1,001 - $15,000 in shares of Toast NYSE: TOST on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of ESAB NYSE: ESAB on 7/7/2026.
• Purchased $1,001 - $15,000 in shares of EQT NYSE: EQT on 7/7/2026.
• Sold $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 6/30/2026.

MasTec Stock Performance

MTZ opened at $227.41 on Tuesday. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 36.27 and a beta of 1.82. 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 1-year low of $182.34 and a 1-year high of $441.43. The business has a 50 day moving average price of $290.03 and a two-hundred day moving average price of $334.90.

MasTec (NYSE:MTZ - Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share 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 firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $1.49 EPS. The company's quarterly revenue 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. Research analysts predict that MasTec, Inc. will post 8.9 EPS for the current fiscal year.

Institutional Trading of MasTec

Several institutional investors and hedge funds have recently bought and sold shares of MTZ. Sequoia Financial Advisors LLC boosted its holdings in shares of MasTec by 22.3% in the second quarter. Sequoia Financial Advisors LLC now owns 24,540 shares of the construction company's stock worth $10,210,000 after buying an additional 4,482 shares during the period. Tidal Investments LLC raised its holdings in shares of MasTec by 114.9% during the second quarter. Tidal Investments LLC now owns 67,844 shares of the construction company's stock valued at $28,227,000 after acquiring an additional 36,276 shares during the period. NewEdge Advisors LLC raised its holdings in shares of MasTec by 157.6% during the second quarter. NewEdge Advisors LLC now owns 8,841 shares of the construction company's stock valued at $3,678,000 after acquiring an additional 5,409 shares during the period. Baird Financial Group Inc. lifted its position in shares of MasTec by 25.3% in the 2nd quarter. Baird Financial Group Inc. now owns 1,144 shares of the construction company's stock valued at $476,000 after acquiring an additional 231 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of MasTec by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 17,516 shares of the construction company's stock valued at $7,288,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MTZ shares. CICC Research started coverage on shares of MasTec in a research report on Thursday, May 21st. They set an "outperform" rating and a $480.00 price objective for the company. Piper Sandler initiated coverage on shares of MasTec in a research note on Tuesday, September 8th. They set an "overweight" rating and a $321.00 target price for the company. Morgan Stanley set a $369.00 target price on shares of MasTec in a report on Friday, July 31st. Mizuho decreased their price target on shares of MasTec from $502.00 to $457.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 4th. Finally, Zacks Research cut MasTec from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $422.00.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec's communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.

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