MasTec, Inc. $MTZ Stock Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. reduced its MasTec position by 90.2% in the third quarter, selling 113,012 shares and retaining 12,289 shares valued at approximately $2.625 million. Institutional investors collectively own 78.1% of MasTec.
• MasTec shares opened at $190.76, near the company’s 52-week low of $182.34 and well below its 52-week high of $441.43. The stock’s 50-day and 200-day moving averages were $235.10 and $319.75, respectively.
• 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 cuts.

Vontobel Holding Ltd. cut its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 90.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,289 shares of the construction company's stock after selling 113,012 shares during the period. Vontobel Holding Ltd.'s holdings in MasTec were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. Pension & Wealth Management Advisors Inc. purchased a new position in MasTec in the 3rd quarter worth approximately $125,000. Community Trust & Investment Co. grew its position in shares of MasTec by 26.2% during the third quarter. Community Trust & Investment Co. now owns 93,066 shares of the construction company's stock valued at $19,881,000 after purchasing an additional 19,303 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of 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 during the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of 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 during the last quarter. Finally, GK Wealth Management LLC purchased a new position in MasTec during the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 78.10% of the company's stock.

MasTec Price Performance

Shares of MTZ stock opened at $190.76 on Monday. The company has a market cap of $15.32 billion, a P/E ratio of 30.42 and a beta of 1.84. 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 $235.10 and its 200 day moving average is $319.75. MasTec, Inc. has a 1-year low of $182.34 and a 1-year high of $441.43.

MasTec (NYSE:MTZ - Get Free Report) last posted its earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.01). The firm had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company's revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the company 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. Research analysts predict that MasTec, Inc. will post 8.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. KeyCorp decreased their price objective on MasTec from $371.00 to $320.00 and set an "overweight" rating on the stock in a report on Thursday. The Goldman Sachs Group decreased their price objective on MasTec from $508.00 to $409.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. Wall Street Zen lowered MasTec from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Morgan Stanley set a $369.00 target price on shares of MasTec in a research note on Friday, July 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $348.00 price objective on shares of MasTec in a research report on Monday, October 12th. Nineteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, MasTec presently has a consensus rating of "Moderate Buy" and an average target price of $387.25.

MasTec Profile

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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