B. Metzler seel. Sohn & Co. AG Makes New Investment in MasTec, Inc. $MTZ

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 8,701 MasTec shares during the second quarter, valued at approximately $3.62 million. Institutional investors collectively own 78.1% of the company.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year, though earnings per share of $2.22 narrowly missed analyst expectations of $2.23.
• Wall Street remains broadly positive, with a consensus “Buy” rating and average price target of $427.32, despite several analysts recently lowering their targets.

B. Metzler seel. Sohn & Co. AG acquired a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,701 shares of the construction company's stock, valued at approximately $3,620,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc acquired a new stake in shares of MasTec in the second quarter worth approximately $32,000. Ascentis Independent Advisors acquired a new position in MasTec in the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in MasTec in the 4th quarter valued at $30,000. GHP Investment Advisors Inc. purchased a new position in MasTec in the 1st quarter valued at $65,000. Finally, Harbor Investment Advisory LLC boosted its stake in MasTec by 486.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company's stock worth $88,000 after purchasing an additional 175 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction dated 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 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 SEC, which can be accessed through the SEC website. Insiders own 21.40% of the company's stock.

MasTec Stock Performance

Shares of MasTec stock opened at $266.89 on Friday. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of 42.57 and a beta of 1.81. 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 business has a 50-day moving average of $337.60 and a 200 day moving average of $336.97. MasTec, Inc. has a 12 month low of $171.05 and a 12 month high of $441.43.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company's revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. 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 forecast that MasTec, Inc. will post 8.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial reiterated a "buy" rating and issued a $428.00 target price (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. Robert W. Baird cut their price objective on shares of MasTec from $475.00 to $363.00 and set an "outperform" rating for the company in a report on Monday, August 3rd. Jefferies Financial Group reissued a "buy" rating and issued a $493.00 target price on shares of MasTec in a research note on Monday, May 4th. TD Cowen lowered their target price on MasTec from $470.00 to $420.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Finally, Mizuho dropped their price target on MasTec from $502.00 to $457.00 and set an "outperform" rating for the company in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $427.32.

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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