8,824 Shares in MasTec, Inc. $MTZ Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management acquired 8,824 MasTec shares worth approximately $3.67 million, while institutional investors collectively own 78.1% of the company.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year, but earnings of $2.22 per share narrowly missed analyst expectations of $2.23.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $427.32 price target, despite MasTec shares opening at $297.79 and trading well below their 12-month high of $441.43.

Flputnam Investment Management Co. bought a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,824 shares of the construction company's stock, valued at approximately $3,671,000.

A number of other institutional investors also recently modified their holdings of MTZ. Victory Capital Management Inc. raised its stake in MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock worth $573,304,000 after acquiring an additional 1,690,896 shares in the last quarter. Peconic Partners LLC boosted its stake in shares of MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock valued at $347,792,000 after purchasing an additional 850,000 shares in the last quarter. First Trust Advisors LP grew 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 purchasing an additional 100,151 shares during the last quarter. Bank of America Corp DE boosted its position in MasTec by 6.0% in the first quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company's stock valued at $427,935,000 after buying an additional 75,100 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of MasTec by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company's stock worth $265,395,000 after buying an additional 94,344 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Price Performance

MTZ stock opened at $297.79 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The firm has a market cap of $23.92 billion, a price-to-earnings ratio of 47.50 and a beta of 1.82. The company's fifty day simple moving average is $345.18 and its 200 day simple moving average is $336.43. MasTec, Inc. has a 12-month low of $167.66 and a 12-month high of $441.43.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 18.08% and a net margin of 3.07%.The business's revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. On average, analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current year.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of research reports. B. Riley Financial reiterated a "buy" rating on shares of MasTec in a research note on Monday, May 4th. Citigroup reduced their price target on MasTec from $483.00 to $408.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Weiss Ratings upgraded shares of MasTec from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Truist Financial reiterated a "buy" rating and set a $428.00 target price (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. Finally, Jefferies Financial Group restated a "buy" rating and issued a $493.00 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 issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $427.32.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 10,816 shares of the company's stock, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 21.40% of the company's stock.

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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