Nissay Asset Management Corp Japan Takes $3.43 Million Position in MasTec, Inc. $MTZ

Key Points

• Nissay Asset Management acquired 8,252 MasTec shares worth approximately $3.43 million during the second quarter. Institutional investors collectively own 78.1% of the company.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year, but earnings of $2.22 per share narrowly missed analysts’ expectations. The company issued third-quarter and full-year 2026 EPS guidance.
• Analysts remain broadly positive, with 19 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $427.32, well above the cited share price of $239.91.

Nissay Asset Management Corp Japan bought a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 8,252 shares of the construction company's stock, valued at approximately $3,433,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new stake in MasTec during the first quarter valued at $30,000. Bell Investment Advisors Inc acquired a new position in shares of MasTec in the second quarter worth about $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of MasTec in the second quarter worth about $32,000. CIBC Private Wealth Group LLC boosted its stake 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 worth $51,000 after acquiring an additional 186 shares in the last quarter. Finally, Solstein Capital LLC purchased a new stake in shares of MasTec during the 2nd quarter worth about $58,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Price Performance

NYSE:MTZ opened at $239.91 on Tuesday. MasTec, Inc. has a 12 month low of $171.05 and a 12 month high of $441.43. The stock has a 50 day moving average of $321.60 and a two-hundred day moving average of $337.42. 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 $19.27 billion, a P/E ratio of 38.26 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last announced 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 analyst estimates 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% compared to the same quarter last year. 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. On average, analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MTZ shares. Guggenheim lifted their price target on MasTec from $480.00 to $518.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Mizuho lowered their price target on MasTec from $502.00 to $457.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 4th. Morgan Stanley set a $369.00 price objective on MasTec in a report on Friday, July 31st. Weiss Ratings cut MasTec from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, B. Riley Financial reissued a "buy" rating on shares of MasTec in a research note on Monday, May 4th. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $427.32.

Insiders Place Their Bets

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 sale, the director owned 10,816 shares of the company's stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 21.40% of the company's stock.

MasTec 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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