MasTec, Inc. $MTZ Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 22.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,451 shares of the construction company's stock after purchasing an additional 16,447 shares during the quarter. California State Teachers Retirement System owned about 0.11% of MasTec worth $37,216,983 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Ascentis Independent Advisors acquired a new stake in MasTec during the first quarter worth about $30,000. Bell Investment Advisors Inc bought a new position in MasTec during the second quarter worth $32,000. Transamerica Financial Advisors LLC bought a new stake in shares of MasTec in the 2nd quarter worth approximately $32,000. Solstein Capital LLC bought a new stake in MasTec in the 2nd quarter worth $58,000. Finally, GHP Investment Advisors Inc. purchased a new stake in MasTec during the 1st quarter valued at about $65,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MTZ shares. TD Cowen cut their price objective on MasTec from $470.00 to $420.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Piper Sandler began coverage on shares of MasTec in a research report on Tuesday, September 8th. They set an "overweight" rating and a $321.00 price objective for the company. Morgan Stanley set a $369.00 price target on MasTec in a research note on Friday, July 31st. Mizuho decreased their target price on shares of MasTec from $502.00 to $457.00 and set an "outperform" rating for the company in a research report on Tuesday, August 4th. Finally, Citigroup decreased their price target on shares of MasTec from $483.00 to $408.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, MasTec has a consensus rating of "Moderate Buy" and an average target price of $422.00.

MasTec Trading Down 2.0%

Shares of MasTec stock traded down $4.56 on Tuesday, hitting $223.14. 617,317 shares of the company traded hands, compared to its average volume of 1,148,587. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 52 week low of $182.34 and a 52 week high of $441.43. The company has a market cap of $17.92 billion, a PE ratio of 35.61 and a beta of 1.82. The stock's 50 day moving average price is $290.03 and its 200-day moving average price is $334.90.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business posted $1.49 earnings per share. The firm'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. Equities research analysts predict that MasTec, Inc. will post 8.9 EPS for the current year.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec's communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.

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