Nykredit A S Makes New $10.21 Million Investment in MasTec, Inc. $MTZ

Key Points

• Nykredit A/S acquired 24,536 MasTec shares worth approximately $10.21 million in 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’ $2.23 estimate.
• Despite recent analyst price-target cuts, coverage remains favorable: 19 analysts rate MasTec a Buy and two rate it Hold, resulting in a consensus “Moderate Buy” rating and a $427.32 price target.

Nykredit A S bought a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,536 shares of the construction company's stock, valued at approximately $10,208,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ascentis Independent Advisors acquired a new stake in MasTec in the 1st quarter valued at about $30,000. Bell Investment Advisors Inc acquired a new position in shares of MasTec during the 2nd quarter worth approximately $32,000. Transamerica Financial Advisors LLC purchased a new stake in shares of MasTec in the second quarter valued at approximately $32,000. CIBC Private Wealth Group LLC grew its position in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company's stock valued at $51,000 after purchasing an additional 186 shares in the last quarter. Finally, Solstein Capital LLC acquired a new stake in shares of MasTec in the second quarter valued at approximately $58,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Up 2.0%

MasTec stock opened at $236.81 on Friday. The stock has a market cap of $19.02 billion, a PE ratio of 37.77 and a beta of 1.82. 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 fifty day moving average is $308.84 and its two-hundred day moving average is $336.07. MasTec, Inc. has a 1-year low of $171.05 and a 1-year high of $441.43.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate 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 net margin of 3.07% and a return on equity of 18.08%. The business's revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior 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. On average, sell-side analysts expect that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MTZ shares. Robert W. Baird reduced their target price on shares of MasTec from $475.00 to $363.00 and set an "outperform" rating on the stock in a research note on Monday, August 3rd. TD Cowen lowered their price target on MasTec from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. KeyCorp dropped their price objective on shares of MasTec from $500.00 to $371.00 and set an "overweight" rating for the company in a report on Monday, August 3rd. Zacks Research lowered shares of MasTec from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 26th. Finally, Truist Financial restated a "buy" rating and issued a $428.00 price target (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $427.32.

About MasTec

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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