Corient Private Wealth LP Takes $6.11 Million Position in MasTec, Inc. $MTZ

Key Points

• Corient Private Wealth bought 14,691 MasTec shares worth approximately $6.11 million in the second quarter. Institutional investors collectively own 78.1% of the company.
• Analysts maintain a generally positive outlook, with 19 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and a $427.32 price target.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year, but earnings per share of $2.22 narrowly missed estimates. The stock opened at $239.91, well below its 52-week high of $441.43.

Corient Private Wealth LP purchased a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,691 shares of the construction company's stock, valued at approximately $6,112,000.

Several other large investors also recently added to or reduced their stakes in the company. Gables Capital Management Inc. boosted its holdings in MasTec by 30.3% in the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company's stock worth $4,577,000 after buying an additional 4,900 shares during the period. TFR Capital LLC. purchased a new position in MasTec in the 2nd quarter valued at approximately $1,978,000. Swedbank AB raised its holdings in MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company's stock valued at $13,977,000 after acquiring an additional 3,200 shares during the period. Ameritas Advisory Services LLC raised its holdings 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 acquiring an additional 2,703 shares during the period. Finally, Fidelis Capital Partners LLC lifted its position in shares of MasTec by 36.0% during the fourth quarter. Fidelis Capital Partners LLC now owns 11,952 shares of the construction company's stock worth $2,598,000 after acquiring an additional 3,163 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MTZ. Jefferies Financial Group reaffirmed a "buy" rating and issued a $493.00 price target on shares of MasTec in a report on Monday, May 4th. Zacks Research lowered MasTec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 26th. Morgan Stanley set a $369.00 price objective on MasTec in a report on Friday, July 31st. Robert W. Baird cut their target price on MasTec from $475.00 to $363.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. Finally, Stifel Nicolaus set a $455.00 target price on MasTec in a report on Monday, May 4th. Nineteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $427.32.

MasTec Stock Down 0.5%

Shares of NYSE:MTZ opened at $239.91 on Tuesday. The firm has a fifty day moving average price of $321.60 and a two-hundred day moving average price of $337.42. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. MasTec, Inc. has a one year low of $171.05 and a one year high of $441.43. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 38.26 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.01). The firm 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 firm's revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the firm earned $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. Analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.40% of the stock is currently owned by insiders.

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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