MasTec, Inc. $MTZ Stock Holdings Lessened by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada cut its MasTec holdings by 98.4% in the third quarter, selling 30,998 shares and retaining 518 shares valued at approximately $111,000.
• Institutional investors and hedge funds own 78.1% of MasTec, with several firms increasing their stakes or initiating new positions during the quarter.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $365.10, despite multiple recent target-price reductions.

TD Waterhouse Canada Inc. reduced its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 98.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518 shares of the construction company's stock after selling 30,998 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in MasTec were worth $111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pension & Wealth Management Advisors Inc. bought a new position in MasTec in the 3rd quarter valued at $125,000. Community Trust & Investment Co. boosted its stake in MasTec by 26.2% in the third quarter. Community Trust & Investment Co. now owns 93,066 shares of the construction company's stock worth $19,881,000 after purchasing an additional 19,303 shares in the last quarter. Avior Wealth Management LLC boosted its stake in MasTec by 47.8% in the third quarter. Avior Wealth Management LLC now owns 2,164 shares of the construction company's stock worth $462,000 after purchasing an additional 700 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in MasTec by 40.7% in the third quarter. Armstrong Advisory Group Inc. now owns 197 shares of the construction company's stock worth $42,000 after purchasing an additional 57 shares in the last quarter. Finally, GK Wealth Management LLC bought a new stake in shares of MasTec during the third quarter worth $29,000. 78.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Barclays decreased their target price on MasTec from $340.00 to $320.00 and set an "overweight" rating on the stock in a report on Monday, October 19th. Robert W. Baird cut their price target on MasTec from $475.00 to $363.00 and set an "outperform" rating for the company in a report on Monday, August 3rd. UBS Group reduced their price target on shares of MasTec from $453.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of MasTec from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 17th. Finally, Truist Financial decreased their price objective on shares of MasTec from $428.00 to $380.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $365.10.

MasTec Trading Up 0.0%

Shares of MTZ opened at $171.13 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 12-month low of $164.31 and a 12-month high of $441.43. The firm has a market capitalization of $13.74 billion, a PE ratio of 27.29 and a beta of 1.84. The stock's fifty day simple moving average is $225.03 and its 200-day simple moving average is $314.38.

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 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 revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 EPS. 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 predict that MasTec, Inc. will post 8.87 earnings per share for the current year.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.

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