MasTec, Inc. $MTZ Stock Holdings Increased by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark nearly doubled its MasTec holdings in the second quarter, increasing its position by 93.7% to 13,229 shares valued at approximately $5.5 million. Institutional investors collectively own 78.1% of MTZ.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year and above estimates, though adjusted EPS of $2.22 narrowly missed consensus by one cent. The company issued third-quarter EPS guidance of $2.98 and full-year guidance of $9.30.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and average price target of $431.42, despite some recent target reductions and one downgrade to “Hold.”

PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 93.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,229 shares of the construction company's stock after purchasing an additional 6,400 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in MasTec were worth $5,504,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec in the fourth quarter worth approximately $30,000. Ascentis Independent Advisors acquired a new stake in shares of MasTec during the 1st quarter valued at $30,000. CIBC Private Wealth Group LLC lifted its position in shares of MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company's stock valued at $51,000 after acquiring an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company's stock worth $61,000 after acquiring an additional 182 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in shares of MasTec during the 1st quarter worth $65,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Trading Up 5.5%

NYSE:MTZ opened at $272.83 on Friday. The stock has a market cap of $21.91 billion, a PE ratio of 43.51 and a beta of 1.81. MasTec, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $441.43. 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 stock's 50-day moving average is $353.78 and its two-hundred day moving average is $334.44.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly 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). The company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the company 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. As a group, equities research analysts forecast that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company's stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 21.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MTZ has been the topic of a number of recent analyst reports. Guggenheim boosted their target price on MasTec from $480.00 to $518.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. UBS Group decreased their price target on MasTec from $453.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday. Wall Street Zen cut MasTec from a "buy" rating to a "hold" rating in a research note on Saturday. Cantor Fitzgerald boosted their price objective on MasTec from $545.00 to $581.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Finally, TD Cowen reduced their price objective on shares of MasTec from $470.00 to $420.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $431.42.

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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