California State Teachers Retirement System Raises Stock Holdings in MasTec, Inc. $MTZ

Key Points

• California State Teachers Retirement System increased its MasTec stake by 50,879.4% in the second quarter, acquiring more than 37.1 million shares and bringing its ownership to approximately 46.34% of the company. Institutional investors collectively own 78.10% of MasTec.
• Analysts maintain a generally positive outlook, with 19 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and a $427.32 target price. However, Goldman Sachs and KeyCorp recently reduced their price targets, while Guggenheim raised its target to $518.
• MasTec shares opened at $236.81, well below their 50-day and 200-day moving averages. The company’s latest quarter showed revenue growth of 23.4% year over year to $4.37 billion, though EPS of $2.22 narrowly missed estimates.

California State Teachers Retirement System increased its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 50,879.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 37,216,983 shares of the construction company's stock after acquiring an additional 37,143,979 shares during the period. California State Teachers Retirement System owned about 46.34% of MasTec worth $15,484,498,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Gables Capital Management Inc. grew its stake in MasTec by 30.3% in the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company's stock worth $4,577,000 after purchasing an additional 4,900 shares in the last quarter. TFR Capital LLC. purchased a new position in MasTec during the 2nd quarter worth $1,978,000. Bruni J V & Co. Co. bought a new stake in MasTec during the 2nd quarter valued at $6,708,968. Ameritas Advisory Services LLC raised its position in MasTec by 4,223.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company's stock valued at $601,000 after purchasing an additional 2,703 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of MasTec by 36.0% in the 4th quarter. Fidelis Capital Partners LLC now owns 11,952 shares of the construction company's stock worth $2,598,000 after buying an additional 3,163 shares during the period. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded MasTec from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. The Goldman Sachs Group lowered their price objective 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. Guggenheim increased their target price on shares of MasTec from $480.00 to $518.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. KeyCorp cut their target price on shares of MasTec from $500.00 to $371.00 and set an "overweight" rating on the stock in a research report on Monday, August 3rd. Finally, CICC Research assumed 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. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $427.32.

MasTec Trading Down 0.2%

Shares of MasTec stock opened at $236.81 on Tuesday. The firm's 50 day simple moving average is $305.02 and its two-hundred day simple moving average is $336.32. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 37.77 and a beta of 1.82. MasTec, Inc. has a 12-month low of $171.05 and a 12-month high of $441.43. 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 (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) 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 analyst estimates of $4.30 billion. During the same period in the previous year, the company earned $1.49 earnings per share. MasTec's revenue was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Analysts predict 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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