Hsbc Holdings PLC Boosts Position in MasTec, Inc. $MTZ

Key Points

• HSBC increased its MasTec stake by 48.2% in the second quarter, owning 86,514 shares valued at approximately $35.9 million. Institutional investors collectively hold 78.1% of MTZ shares.
• MasTec’s latest quarterly revenue rose 23.4% year over year to $4.37 billion, exceeding estimates, while EPS of $2.22 narrowly missed the $2.23 consensus. The company issued fiscal 2026 EPS guidance of $9.30.
• Despite recent analyst target-price cuts, Wall Street remains broadly positive, with 19 Buy ratings and two Holds; the consensus rating is Moderate Buy with an average price target of $427.32.

Hsbc Holdings PLC grew its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 48.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,514 shares of the construction company's stock after buying an additional 28,144 shares during the quarter. Hsbc Holdings PLC owned 0.11% of MasTec worth $35,867,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Ascentis Independent Advisors purchased a new position in shares of MasTec in the 1st quarter valued at $30,000. Bell Investment Advisors Inc purchased a new stake in MasTec during the 2nd quarter worth $32,000. Transamerica Financial Advisors LLC purchased a new stake in MasTec during the 2nd quarter worth $32,000. CIBC Private Wealth Group LLC boosted its position in MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company's stock worth $51,000 after purchasing an additional 186 shares during the period. Finally, Solstein Capital LLC acquired a new stake in MasTec in the 2nd quarter valued at $58,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Price Performance

Shares of MTZ stock opened at $236.81 on Tuesday. The firm has a market cap of $19.02 billion, a P/E ratio of 37.77 and a beta of 1.82. 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 1-year low of $171.05 and a 1-year high of $441.43. The firm has a fifty day moving average of $305.02 and a two-hundred day moving average of $336.32.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results 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 net margin of 3.07% and a return on equity of 18.08%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the company posted $1.49 EPS. The business's revenue for the quarter 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. As a group, research analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on MTZ shares. Weiss Ratings lowered MasTec from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Robert W. Baird decreased their target price on MasTec from $475.00 to $363.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Morgan Stanley set a $369.00 target price on MasTec in a research note on Friday, July 31st. KeyCorp dropped their target price on MasTec from $500.00 to $371.00 and set an "overweight" rating on the stock in a report on Monday, August 3rd. Finally, CICC Research began coverage on MasTec in a research report on Thursday, May 21st. They set an "outperform" rating and a $480.00 price target on the stock. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $427.32.

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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