14,242 Shares in MasTec, Inc. $MTZ Acquired by Van ECK Associates Corp

Key Points

• Van ECK Associates acquired 14,242 MasTec shares in the second quarter, valued at approximately $5.9 million. Institutional investors and hedge funds collectively own 78.1% of MTZ.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year, but its $2.22 EPS narrowly missed estimates. The company’s stock opened at $235.02, well below its 50-day and 200-day moving averages.
• Analysts remain broadly positive, with 19 Buy ratings and two Holds, although several firms lowered their price targets. The stock has a “Moderate Buy” consensus rating and a consensus target of $427.32.

Van ECK Associates Corp acquired a new position in MasTec, Inc. (NYSE:MTZ - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,242 shares of the construction company's stock, valued at approximately $5,926,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTZ. Transamerica Financial Advisors LLC bought a new stake in shares of MasTec in the second quarter valued at approximately $32,000. Bell Investment Advisors Inc bought a new position in shares of MasTec during the 2nd quarter worth about $32,000. Ascentis Independent Advisors acquired a new stake in MasTec during the first quarter valued at approximately $30,000. Solstein Capital LLC acquired a new stake in MasTec in the 2nd quarter valued at $58,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of MasTec in the 1st quarter valued at $65,000. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Stock Performance

NYSE MTZ opened at $235.02 on Thursday. MasTec, Inc. has a 1 year low of $171.05 and a 1 year high of $441.43. The firm has a market capitalization of $18.87 billion, a P/E ratio of 37.48 and a beta of 1.82. The firm's fifty day moving average price is $315.45 and its two-hundred day moving average price is $337.03. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ - Get Free Report) last announced 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 for 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 earned $1.49 EPS. 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, research analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current year.

Analysts Set New Price Targets

MTZ has been the topic of several research analyst reports. Weiss Ratings cut MasTec from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 17th. UBS Group lowered their target price on shares of MasTec from $453.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. The Goldman Sachs Group decreased their target price on MasTec from $508.00 to $409.00 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Truist Financial restated a "buy" rating and issued a $428.00 price objective (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. Finally, Morgan Stanley set a $369.00 target price on MasTec in a research note on Friday, July 31st. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $427.32.

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.

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