Deutsche Bank AG Takes $49.40 Million Position in MasTec, Inc. $MTZ

Key Points

• Deutsche Bank acquired 118,727 MasTec shares worth approximately $49.4 million, representing about 0.15% of the company. Institutional investors collectively own 78.1% of MasTec.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year and above estimates, while EPS of $2.22 narrowly missed expectations. The company provided fiscal 2026 EPS guidance of $9.30.
• MasTec shares recently traded at $266.89, down 1.8%, despite analysts maintaining a consensus “Buy” rating and an average price target of $427.32. An insider separately sold 6,500 shares for about $2.4 million.

Deutsche Bank AG acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 118,727 shares of the construction company's stock, valued at approximately $49,398,000. Deutsche Bank AG owned approximately 0.15% of MasTec at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MTZ. Victory Capital Management Inc. raised its holdings in shares of MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock valued at $573,304,000 after buying an additional 1,690,896 shares in the last quarter. Peconic Partners LLC grew its stake in shares of MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. First Trust Advisors LP increased its holdings in MasTec by 7.6% during the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company's stock valued at $454,163,000 after purchasing an additional 100,151 shares during the period. Bank of America Corp DE increased its holdings in MasTec by 6.0% during the 1st quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company's stock valued at $427,935,000 after purchasing an additional 75,100 shares during the period. Finally, Geode Capital Management LLC raised its position in MasTec by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company's stock valued at $265,395,000 after purchasing an additional 94,344 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company's stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 21.40% of the stock is owned by company insiders.

MasTec Trading Down 1.8%

Shares of NYSE:MTZ opened at $266.89 on Friday. The stock's 50-day simple moving average is $337.60 and its two-hundred day simple moving average is $336.97. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of 42.57 and a beta of 1.81. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

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 return on equity of 18.08% and a net margin of 3.07%.The firm had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the prior year, the company posted $1.49 earnings per share. The company's revenue 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. Analysts expect that MasTec, Inc. will post 8.91 EPS for the current year.

Analyst Ratings Changes

MTZ has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of MasTec from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. TD Cowen cut their target price on shares of MasTec from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Zacks Research upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Guggenheim increased their price target on shares of MasTec from $480.00 to $518.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Finally, Mizuho lowered their price objective on shares of MasTec from $502.00 to $457.00 and set an "outperform" rating for the company in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $427.32.

MasTec 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source