Bruni J V & Co. Co. Invests $6.71 Billion in MasTec, Inc. $MTZ

Key Points

• Bruni J V & Co. Co. acquired 16,125 MasTec shares during the second quarter, reportedly valued at approximately $6.71 billion and representing about 0.6% of its portfolio. Institutional investors and hedge funds collectively own 78.1% of MasTec.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $427.32, despite several firms recently lowering their targets. MasTec’s stock opened at $280.51, compared with a 52-week range of $167.66 to $441.43.
• MasTec’s latest quarterly revenue rose 23.4% year over year to $4.37 billion, though adjusted earnings of $2.22 per share narrowly missed estimates. Director Ernst N. Csiszar separately sold 6,500 shares, reducing his holdings by 37.54%.

Bruni J V & Co. Co. bought a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,125 shares of the construction company's stock, valued at approximately $6,708,968,000. MasTec makes up about 0.6% of Bruni J V & Co. Co.'s portfolio, making the stock its 28th largest holding.

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 MasTec in the second quarter valued at about $32,000. Ascentis Independent Advisors acquired a new position in MasTec during the 1st quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec during the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. purchased a new position in shares of MasTec during the 1st quarter worth approximately $65,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of 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 buying an additional 175 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of analyst reports. Stifel Nicolaus set a $455.00 price target on MasTec in a research note on Monday, May 4th. UBS Group lowered their price target on shares of MasTec from $453.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Citigroup reduced their price objective on shares of MasTec from $483.00 to $408.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. TD Cowen decreased their price objective on shares of MasTec from $470.00 to $420.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Finally, CICC Research initiated coverage on shares of MasTec in a research report on Thursday, May 21st. They set an "outperform" rating and a $480.00 target price on the stock. One equities research 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 stock. According to data from MarketBeat, MasTec presently has an average rating of "Buy" and a consensus price target of $427.32.

MasTec Price Performance

MasTec stock opened at $280.51 on Wednesday. MasTec, Inc. has a 52 week low of $167.66 and a 52 week high of $441.43. 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's 50-day simple moving average is $342.53 and its 200 day simple moving average is $337.06. The firm has a market capitalization of $22.53 billion, a PE ratio of 44.74 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last posted 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). The business had revenue of $4.37 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last 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, equities research analysts predict that MasTec, Inc. will post 8.91 EPS for the current fiscal 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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