Raiffeisen Bank International AG Has $18.42 Million Stock Position in MasTec, Inc. $MTZ

Key Points

• Raiffeisen Bank International reduced its MasTec stake by 35% in the second quarter, selling 23,069 shares and retaining 42,931 shares valued at approximately $18.42 million. Institutional investors and hedge funds collectively own 78.1% of MTZ.
• Analysts maintain a generally positive outlook, with 19 Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $427.32, despite several recent target-price cuts.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year, but narrowly missed earnings estimates with EPS of $2.22 versus the $2.23 consensus.

Raiffeisen Bank International AG lessened its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 35.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,931 shares of the construction company's stock after selling 23,069 shares during the quarter. Raiffeisen Bank International AG owned about 0.05% of MasTec worth $18,421,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MTZ. Transamerica Financial Advisors LLC acquired a new position in MasTec during the 2nd quarter worth approximately $32,000. Bell Investment Advisors Inc acquired a new position in MasTec during the 2nd quarter valued at about $32,000. Ascentis Independent Advisors acquired a new position in MasTec during the 1st quarter valued at about $30,000. Solstein Capital LLC bought a new stake in MasTec during the 2nd quarter worth approximately $58,000. Finally, GHP Investment Advisors Inc. bought a new stake in MasTec during the 1st quarter worth approximately $65,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho dropped their target price on MasTec from $502.00 to $457.00 and set an "outperform" rating on the stock in a report on Tuesday, August 4th. TD Cowen decreased their price target on MasTec from $470.00 to $420.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Morgan Stanley set a $369.00 price target on MasTec in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on MasTec from $471.00 to $491.00 and gave the company an "overweight" rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings downgraded shares of MasTec from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 17th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $427.32.

MasTec Price Performance

Shares of NYSE MTZ opened at $232.37 on Friday. The company has a market capitalization of $18.66 billion, a PE ratio of 37.06 and a beta of 1.82. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The stock's 50 day moving average price is $312.03 and its 200-day moving average price is $336.77. MasTec, Inc. has a twelve month low of $171.05 and a twelve month 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 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.01). The business 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 business's revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business posted $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, equities analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current year.

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.

Want to see what other hedge funds are holding MTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasTec, Inc. (NYSE:MTZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source