MasTec, Inc. $MTZ Shares Acquired by Amundi

Amundi boosted its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 132.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 399,102 shares of the construction company's stock after buying an additional 227,515 shares during the quarter. Amundi owned approximately 0.50% of MasTec worth $166,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in MasTec by 50,879.4% during the 2nd quarter. California State Teachers Retirement System now owns 37,216,983 shares of the construction company's stock worth $15,484,498,000 after buying an additional 37,143,979 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of MasTec during the second quarter worth $3,178,069,000. Victory Capital Management Inc. lifted its position in shares of MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock worth $573,304,000 after buying an additional 1,690,896 shares during the last quarter. Hill City Capital LP bought a new position in shares of MasTec in the 2nd quarter worth about $896,609,300. Finally, Peconic Partners LLC boosted its holdings in shares of MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock valued at $347,792,000 after buying an additional 850,000 shares during the period. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Trading Up 3.9%

Shares of NYSE:MTZ opened at $246.41 on Wednesday. The company has a 50 day moving average of $301.63 and a 200-day moving average of $336.19. 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 has a market cap of $19.79 billion, a P/E ratio of 39.30 and a beta of 1.82. MasTec, Inc. has a twelve month low of $173.90 and a twelve month high of $441.43.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $1.49 EPS. MasTec'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. As a group, analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTZ has been the subject of a number of research reports. Guggenheim lifted their target price on MasTec from $480.00 to $518.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group dropped their price target on MasTec from $508.00 to $409.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. UBS Group cut their price target on MasTec from $453.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of MasTec from $471.00 to $491.00 and gave the company an "overweight" rating in a research note on Wednesday, May 13th. Finally, Piper Sandler started coverage on shares of MasTec in a research note on Tuesday. They issued an "overweight" rating and a $321.00 price target on the stock. Twenty analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $422.00.

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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