5,184 Shares in MasTec, Inc. $MTZ Bought by Gallo Partners LP

Key Points

• Gallo Partners LP acquired 5,184 MasTec shares worth approximately $2.16 million in the second quarter, making MTZ about 4.8% of its portfolio and its sixth-largest holding.
• Institutional investors own 78.1% of MasTec, while analysts maintain a broadly positive outlook: one Strong Buy, 19 Buy, and one Hold rating, with an average price target of $427.32.
• MasTec’s latest quarterly revenue rose 23.4% year over year to $4.37 billion, though EPS of $2.22 narrowly missed estimates; shares opened at $266.89, well below their 52-week high of $441.43.

Gallo Partners LP bought a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,184 shares of the construction company's stock, valued at approximately $2,157,000. MasTec makes up approximately 4.8% of Gallo Partners LP's portfolio, making the stock its 6th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ascentis Independent Advisors bought a new position in shares of MasTec during the 1st quarter valued at about $30,000. Bell Investment Advisors Inc bought a new stake in shares of MasTec in the second quarter worth about $32,000. CIBC Private Wealth Group LLC increased its holdings in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company's stock worth $51,000 after purchasing an additional 186 shares during the last quarter. Solstein Capital LLC purchased a new stake in shares of MasTec in the second quarter worth about $58,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company's stock worth $61,000 after buying an additional 182 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MTZ shares. CICC Research initiated coverage on MasTec in a report on Thursday, May 21st. They set an "outperform" rating and a $480.00 price target for the company. KeyCorp decreased their price objective on MasTec from $500.00 to $371.00 and set an "overweight" rating on the stock in a report on Monday, August 3rd. Zacks Research upgraded MasTec from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Morgan Stanley set a $369.00 target price on shares of MasTec in a report on Friday, July 31st. Finally, Roth Capital restated a "buy" rating and issued a $450.00 price target on shares of MasTec in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $427.32.

MasTec Trading Up 0.2%

Shares of MTZ stock opened at $266.89 on Monday. MasTec, Inc. has a 1 year low of $171.05 and a 1 year high of $441.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The stock's 50 day simple moving average is $337.60 and its two-hundred day simple moving average is $337.62. The company has a market cap of $21.43 billion, a PE ratio of 42.57 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. MasTec's revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the business earned $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. Research analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm's stock in a transaction 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 completion of the sale, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.40% of the stock is currently owned by corporate 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.

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