Alyeska Investment Group L.P. Has $1.04 Million Stock Position in MasTec, Inc. $MTZ

Key Points

• Alyeska Investment Group cut its MasTec stake by 97.1% in the second quarter, selling 84,986 shares and retaining 2,500 shares valued at approximately $1.04 million.
• Institutional ownership remains high at 78.1%, with investors including BlackRock, Victory Capital and Hill City Capital holding or adding significant positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $427.32, despite MasTec’s stock trading near $238.92 and the company narrowly missing quarterly EPS estimates.

Alyeska Investment Group L.P. lowered its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 97.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the construction company's stock after selling 84,986 shares during the quarter. Alyeska Investment Group L.P.'s holdings in MasTec were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of MasTec in the second quarter worth approximately $3,178,069,000. Victory Capital Management Inc. lifted its position 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 acquiring an additional 1,690,896 shares in the last quarter. Hill City Capital LP acquired a new position in MasTec in the 2nd quarter worth approximately $896,609,300. Peconic Partners LLC raised its stake in MasTec by 113.3% during 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 during the period. Finally, First Trust Advisors LP boosted its position in shares of MasTec by 7.6% in the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company's stock worth $454,163,000 after buying an additional 100,151 shares during the period. Institutional investors and hedge funds own 78.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. CICC Research initiated coverage on shares of MasTec in a research report on Thursday, May 21st. They issued an "outperform" rating and a $480.00 price target for the company. Guggenheim boosted their price objective on shares of MasTec from $480.00 to $518.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Wall Street Zen lowered shares of MasTec from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Robert W. Baird cut their target price on shares of MasTec from $475.00 to $363.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of MasTec from $508.00 to $409.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $427.32.

MasTec Stock Down 0.4%

MTZ opened at $238.92 on Wednesday. MasTec, Inc. has a twelve month low of $171.05 and a twelve month high of $441.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The business has a 50 day moving average price of $318.58 and a 200 day moving average price of $337.24. The firm has a market cap of $19.19 billion, a P/E ratio of 38.11 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $1.49 EPS. The company's revenue for the quarter was up 23.4% compared to the same quarter last year. 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 forecast that MasTec, Inc. will post 8.91 EPS for the current year.

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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