Amundi Purchases 101,653 Shares of MasTec, Inc. $MTZ

Key Points

• Amundi increased its MasTec stake by 145.4% in the first quarter, purchasing 101,653 additional shares for a total of 171,587 shares valued at approximately $55.2 million. Institutional investors own 78.1% of the company.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year and above estimates, while EPS of $2.22 narrowly missed consensus by one cent. The company guided for $2.98 in third-quarter EPS and $9.30 for full-year 2026.
• Analysts remain broadly bullish, with an average “Buy” rating and a $461.74 price target, although concerns about updated guidance and the sustainability of forward growth have weighed on the stock.

Amundi boosted its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 145.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 171,587 shares of the construction company's stock after purchasing an additional 101,653 shares during the quarter. Amundi owned 0.22% of MasTec worth $55,206,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Gables Capital Management Inc. grew its position in shares of MasTec by 30.3% in the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company's stock valued at $4,577,000 after purchasing an additional 4,900 shares during the period. Swedbank AB increased its stake in MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company's stock worth $13,977,000 after purchasing an additional 3,200 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in MasTec by 50.0% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company's stock worth $15,325,000 after buying an additional 23,500 shares during the period. Sanctuary Advisors LLC raised its holdings in MasTec by 463.6% during the 4th quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company's stock worth $2,940,000 after buying an additional 11,127 shares during the period. Finally, Ameritas Advisory Services LLC lifted its stake in MasTec by 4,223.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company's stock valued at $601,000 after buying an additional 2,703 shares in the last quarter. Institutional investors own 78.10% of the company's stock.

MasTec Trading Up 0.2%

Shares of MasTec stock opened at $263.51 on Monday. The stock has a market cap of $21.16 billion, a P/E ratio of 42.03 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 12-month low of $160.08 and a 12-month high of $441.43. The business's 50 day moving average is $365.55 and its 200-day moving average is $333.95.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate 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 posted $1.49 earnings per share. MasTec's quarterly revenue 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. Equities research analysts predict that MasTec, Inc. will post 9.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTZ. Mizuho upped their price target on shares of MasTec from $498.00 to $502.00 and gave the company an "outperform" rating in a report on Wednesday, July 8th. CICC Research started coverage on shares of MasTec in a research report on Thursday, May 21st. They issued an "outperform" rating and a $480.00 price objective on the stock. B. Riley Financial reaffirmed a "buy" rating on shares of MasTec in a research note on Monday, May 4th. Jefferies Financial Group reiterated a "buy" rating and set a $493.00 target price on shares of MasTec in a report on Monday, May 4th. Finally, Roth Capital reissued a "buy" rating and issued a $450.00 price target on shares of MasTec in a research note on Monday, May 4th. One research 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. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $461.74.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business's 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 directly owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 21.40% of the stock is currently owned by company insiders.

MasTec News Summary

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported second-quarter revenue of $4.37 billion, up 23.4% year over year and above the approximately $4.30 billion consensus estimate. EPS increased to $2.22 from $1.49 a year earlier. Management also highlighted broad-based growth, margin expansion and backlog development. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: The company’s adjusted EBITDA margin improved by 100 basis points, while third-quarter guidance calls for $4.9 billion in revenue and $2.98 EPS. Full-year 2026 guidance of $18.2 billion in revenue and $9.30 EPS is above current analyst consensus. MasTec 2026 Q2 Results Presentation
• Neutral Sentiment: MasTec appointed Alex Spiro to its board. His experience advising large companies on governance, regulatory and strategic matters may support the company’s oversight, but the appointment is unlikely to materially affect near-term earnings. MasTec Announces Alex Spiro Board Appointment
• Negative Sentiment: The earnings result was mixed: EPS narrowly missed the broader consensus estimate of $2.23, even though it exceeded the Zacks estimate of $2.19. Investors appear to be looking beyond the headline revenue beat and questioning the quality or sustainability of the outlook. MasTec Q2 Key Metrics
• Negative Sentiment: Market coverage characterized the updated guidance as a cut relative to prior expectations, overshadowing the record quarter. This concern about forward growth expectations appears to be the primary reason MTZ moved lower despite year-over-year gains and guidance above consensus. MasTec Falls After Guidance Cut

About MasTec

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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