Flputnam Investment Management Co. Makes New $3.67 Million Investment in MasTec, Inc. $MTZ

Flputnam Investment Management Co. acquired a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,824 shares of the construction company's stock, valued at approximately $3,671,000.

Several other large investors also recently made changes to their positions in the company. Gables Capital Management Inc. grew its position 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 purchasing an additional 4,900 shares in the last quarter. TFR Capital LLC. bought a new position in shares of MasTec during the 2nd quarter worth approximately $1,978,000. Swedbank AB lifted its position in shares of MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company's stock worth $13,977,000 after buying an additional 3,200 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of MasTec by 4,223.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company's stock worth $601,000 after buying an additional 2,703 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake 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 last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MTZ shares. Weiss Ratings cut MasTec from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Wall Street Zen cut MasTec from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of MasTec from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 26th. Truist Financial restated a "buy" rating and set a $428.00 price objective (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Finally, B. Riley Financial reaffirmed a "buy" rating on shares of MasTec in a research report on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $427.32.

Insider Activity

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 21.40% of the company's stock.

MasTec Stock Performance

Shares of MTZ stock opened at $241.08 on Monday. The stock has a market capitalization of $19.36 billion, a P/E ratio of 38.45 and a beta of 1.82. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The firm's 50 day moving average is $324.93 and its 200 day moving average is $337.57. MasTec, Inc. has a 12 month low of $171.05 and a 12 month high of $441.43.

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 company had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same period last year, the company posted $1.49 EPS. The business's revenue for the quarter 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. On average, sell-side analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current year.

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.

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