Algert Global LLC Has $9.07 Million Holdings in MasTec, Inc. $MTZ

Key Points

• Algert Global sharply reduced its MasTec position by 81.5% in the second quarter, selling 96,257 shares and retaining 21,799 shares valued at approximately $9.07 million.
• MasTec reported strong revenue growth of 23.4% year over year to $4.37 billion, though quarterly EPS of $2.22 narrowly missed analyst expectations. The company issued 2026 EPS guidance of $9.30.
• Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $427.32, despite the stock’s recent decline and insider selling by a company director.

Algert Global LLC reduced its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 81.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,799 shares of the construction company's stock after selling 96,257 shares during the period. Algert Global LLC's holdings in MasTec were worth $9,070,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in MasTec in the 2nd quarter worth approximately $3,178,069,000. Hill City Capital LP acquired a new position in shares of MasTec in the second quarter valued at $896,609,300,000. Victory Capital Management Inc. grew its stake in shares of MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock valued at $573,304,000 after purchasing an additional 1,690,896 shares during the period. Peconic Partners LLC boosted its position in MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock valued at $347,792,000 after buying an additional 850,000 shares in the last quarter. Finally, Coatue Management LLC acquired a new stake in shares of MasTec in the fourth quarter valued at $147,357,000. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Trading Up 1.2%

Shares of MTZ stock opened at $249.71 on Thursday. The firm has a market capitalization of $20.05 billion, a P/E ratio of 39.83 and a beta of 1.81. MasTec, Inc. has a twelve month low of $171.05 and a twelve month high of $441.43. The stock's fifty day simple moving average is $330.30 and its 200 day simple moving average is $337.78. 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 (NYSE:MTZ - Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $2.22 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%. The business's revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, sell-side analysts predict that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group decreased their price objective on MasTec from $453.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Zacks Research upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on MasTec from $471.00 to $491.00 and gave the company an "overweight" rating in a report on Wednesday, May 13th. Roth Capital restated a "buy" rating and issued a $450.00 price objective on shares of MasTec in a research note on Monday, May 4th. Finally, CICC Research started coverage on MasTec in a research note on Thursday, May 21st. They issued an "outperform" rating and a $480.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, MasTec currently has a consensus rating of "Buy" and an average target price of $427.32.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm'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 transaction of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company's stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 21.40% of the company's stock.

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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