Hsbc Holdings PLC Invests $35.87 Million in MasTec, Inc. $MTZ

Key Points

• HSBC Holdings PLC acquired 86,514 MasTec shares worth approximately $35.87 million, giving it a 0.11% stake. Institutional investors collectively own 78.10% of MTZ.
• Analysts maintain a broadly positive outlook, with one Strong Buy, 19 Buy and one Hold rating; the consensus price target is $427.32, despite several firms lowering or raising individual targets.
• MasTec’s latest quarterly revenue rose 23.4% year over year to $4.37 billion, exceeding estimates, while adjusted EPS of $2.22 narrowly missed expectations. The stock opened at $251.15, well below its 12-month high of $441.43.

Hsbc Holdings PLC purchased a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 86,514 shares of the construction company's stock, valued at approximately $35,867,000. Hsbc Holdings PLC owned about 0.11% of MasTec as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of MasTec during the second quarter worth approximately $3,178,069,000. Victory Capital Management Inc. grew its stake in shares of MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock valued at $573,304,000 after acquiring an additional 1,690,896 shares in the last quarter. Hill City Capital LP acquired a new position in shares of MasTec in the second quarter valued at about $896,609,300,000. Peconic Partners LLC increased its position in MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock worth $347,792,000 after acquiring an additional 850,000 shares during the period. Finally, First Trust Advisors LP increased its position in MasTec by 7.6% during the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company's stock worth $454,163,000 after acquiring an additional 100,151 shares during the period. 78.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

MTZ has been the subject of several analyst reports. UBS Group dropped their price objective on shares of MasTec from $453.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Zacks Research raised shares of MasTec from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Morgan Stanley set a $369.00 price target on shares of MasTec in a research report on Friday, July 31st. Guggenheim boosted their price target on MasTec from $480.00 to $518.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Finally, Truist Financial reissued a "buy" rating and set a $428.00 price target (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $427.32.

Insider Transactions at MasTec

In related 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 value of $2,412,605.00. Following the transaction, the director directly 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 legal filing with the SEC, which is available through this link. 21.40% of the stock is owned by company insiders.

MasTec Trading Up 1.0%

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

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 EPS 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 the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. MasTec's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business 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 predict that MasTec, Inc. will post 8.91 EPS for the current fiscal 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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