Nykredit A S Takes $8.19 Million Position in MasTec, Inc. $MTZ

Key Points

• Nykredit A/S acquired 19,676 MasTec shares during the second quarter, valued at approximately $8.19 million. Institutional investors collectively own 78.1% of MTZ, with several major firms also increasing or initiating positions.
• Analysts maintain a generally positive outlook, with one Strong Buy, 19 Buy, and two Hold ratings. MasTec has a “Moderate Buy” consensus rating and an average price target of $422, although individual targets range widely.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year and above estimates, but its $2.22 EPS slightly missed consensus. The stock opened at $223.36, well below its 52-week high of $441.43.

Nykredit A S acquired a new position in MasTec, Inc. (NYSE:MTZ - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 19,676 shares of the construction company's stock, valued at approximately $8,186,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MTZ. BlackRock Inc. purchased a new position in shares of MasTec in the second quarter worth approximately $3,178,069,000. Victory Capital Management Inc. raised its stake in shares of MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock worth $573,304,000 after buying an additional 1,690,896 shares during the period. Hill City Capital LP purchased a new position in shares of MasTec during the 2nd quarter valued at about $896,609,300. First Trust Advisors LP grew its stake in shares of MasTec by 7.6% during the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company's stock valued at $454,163,000 after acquiring an additional 100,151 shares during the period. Finally, Bank of America Corp DE purchased a new stake in MasTec in the 2nd quarter worth approximately $555,825,000. Institutional investors own 78.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MTZ. Morgan Stanley set a $369.00 price objective on MasTec in a research report on Friday, July 31st. Guggenheim upped their price target on MasTec from $480.00 to $518.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. KeyCorp reduced their price objective on shares of MasTec from $500.00 to $371.00 and set an "overweight" rating on the stock in a research report on Monday, August 3rd. UBS Group lowered their target price on shares of MasTec from $453.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Finally, Zacks Research cut shares of MasTec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MasTec presently has a consensus rating of "Moderate Buy" and a consensus price target of $422.00.

MasTec Price Performance

NYSE:MTZ opened at $223.36 on Tuesday. The firm has a market capitalization of $17.94 billion, a price-to-earnings ratio of 35.62 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 business has a 50 day simple moving average of $274.70 and a 200-day simple moving average of $332.19. 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 issued 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 the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm's quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities analysts forecast that MasTec, Inc. will post 8.9 EPS for the current year.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec's communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.

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