15,153 Shares in MasTec, Inc. $MTZ Acquired by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 15,153 MasTec shares during the second quarter, valued at approximately $6.3 million. Institutional investors collectively own 78.1% of the company.
• Analyst sentiment remains broadly positive, with 19 Buy ratings and two Hold ratings, producing a consensus “Moderate Buy” rating and a $427.32 target price despite several recent target revisions.
• MasTec’s latest quarterly revenue rose 23.4% year over year to $4.37 billion, while EPS of $2.22 narrowly missed estimates. The stock opened at $239.91, well below its 52-week high of $441.43.

Jupiter Topco LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 15,153 shares of the construction company's stock, valued at approximately $6,305,000.

Other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new stake in shares of MasTec during the 2nd quarter worth $32,000. Ascentis Independent Advisors acquired a new position in MasTec during the first quarter valued at approximately $30,000. Solstein Capital LLC acquired a new position in shares of MasTec during the 2nd quarter worth $58,000. GHP Investment Advisors Inc. acquired a new position in MasTec during the first quarter worth about $65,000. Finally, Harbor Investment Advisory LLC increased its position in MasTec by 486.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company's stock worth $88,000 after purchasing an additional 175 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director owned 10,816 shares of the company's stock, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 21.40% of the company's stock.

Analyst Ratings Changes

MTZ has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on MasTec from $471.00 to $491.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Citigroup lowered their target price on shares of MasTec from $483.00 to $408.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. CICC Research started coverage on shares of MasTec in a report on Thursday, May 21st. They issued an "outperform" rating and a $480.00 target price on the stock. Wall Street Zen cut shares of MasTec from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Guggenheim increased their price target on MasTec from $480.00 to $518.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $427.32.

MasTec Stock Performance

NYSE:MTZ opened at $239.91 on Tuesday. The company has a fifty day moving average of $321.60 and a 200-day moving average of $337.42. The firm has a market capitalization of $19.27 billion, a P/E ratio of 38.26 and a beta of 1.82. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a twelve month low of $171.05 and a twelve month high of $441.43.

MasTec (NYSE:MTZ - Get Free Report) last released its 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). The company 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 firm's revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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, sell-side analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current year.

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.

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