Hill City Capital LP Purchases Shares of 2,155,000 MasTec, Inc. $MTZ

Hill City Capital LP purchased a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,155,000 shares of the construction company's stock, valued at approximately $896,609,300,000. MasTec makes up about 20.9% of Hill City Capital LP's holdings, making the stock its largest position. Hill City Capital LP owned about 2.68% of MasTec as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Gables Capital Management Inc. increased its position in shares of MasTec by 30.3% during 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. acquired a new stake in shares of MasTec in the 2nd quarter valued at about $1,978,000. Swedbank AB boosted its position in shares of MasTec by 5.2% in the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company's stock valued at $13,977,000 after purchasing an additional 3,200 shares during the period. Sanctuary Advisors LLC grew its stake in MasTec by 463.6% during the 4th quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company's stock worth $2,940,000 after buying an additional 11,127 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its stake 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 worth $601,000 after buying an additional 2,703 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on MTZ. Guggenheim lifted their price target on MasTec from $480.00 to $518.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Zacks Research upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. B. Riley Financial reaffirmed a "buy" rating on shares of MasTec in a report on Monday, May 4th. CICC Research began 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. Finally, Wall Street Zen cut shares of MasTec from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $427.32.

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 stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, the director directly owned 10,816 shares of the company's stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 21.40% of the company's stock.

MasTec Stock Up 1.0%

MTZ stock opened at $251.15 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The company's 50 day simple moving average is $327.72 and its 200-day simple moving average is $337.72. MasTec, Inc. has a 12 month low of $171.05 and a 12 month high of $441.43. The firm has a market capitalization of $20.17 billion, a PE ratio of 40.06 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. 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 analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

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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