MasTec, Inc. $MTZ Stock: Community Trust & Investment Co. Boosts Stake

Key Points

• Community Trust & Investment Co. increased its MasTec stake by 26.2% in the third quarter, bringing its holdings to 93,066 shares valued at approximately $19.9 million. Institutional investors collectively own 78.1% of the company.
• Analysts remain broadly positive, with 19 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $387.25, despite several recent target-price reductions.
• MasTec shares opened at $191.41, near their 52-week low of $182.34 and down substantially from the 52-week high of $441.43. In its latest reported quarter, revenue rose 23.4% year over year to $4.37 billion, while EPS of $2.22 narrowly missed estimates.

Community Trust & Investment Co. lifted its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 26.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,066 shares of the construction company's stock after acquiring an additional 19,303 shares during the quarter. Community Trust & Investment Co. owned 0.12% of MasTec worth $19,881,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of MasTec in the second quarter valued at approximately $3,178,069,000. Hill City Capital LP purchased a new stake in shares of MasTec during the 2nd quarter valued at $896,609,300. Bank of America Corp DE acquired a new stake in MasTec in the second quarter worth about $555,825,000. First Trust Advisors LP increased its stake in MasTec by 7.6% during the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company's stock valued at $454,163,000 after purchasing an additional 100,151 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of MasTec in the second quarter worth about $280,544,000. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analyst Upgrades and Downgrades

MTZ has been the subject of several recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $348.00 price target on shares of MasTec in a research note on Monday. TD Cowen cut their target price on shares of MasTec from $420.00 to $320.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. The Goldman Sachs Group decreased their price target on MasTec from $508.00 to $409.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. Stifel Nicolaus reduced their target price on MasTec from $376.00 to $305.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Finally, Truist Financial decreased their price objective on MasTec from $428.00 to $380.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, MasTec presently has an average rating of "Moderate Buy" and a consensus target price of $387.25.

MasTec Stock Down 1.6%

Shares of NYSE MTZ opened at $191.41 on Friday. The stock has a market capitalization of $15.37 billion, a PE ratio of 25.03 and a beta of 1.84. MasTec, Inc. has a 52-week low of $182.34 and a 52-week high of $441.43. 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 firm has a fifty day moving average of $236.74 and a 200-day moving average of $320.56.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share 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 business 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 earnings per share. The firm'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, analysts anticipate that MasTec, Inc. will post 8.87 EPS for the current year.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.

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