Sanctuary Advisors LLC Invests $2.69 Million in MasTec, Inc. $MTZ

Key Points

• Sanctuary Advisors initiated a $2.69 million position in MasTec by purchasing 6,465 shares during the second quarter. Institutional investors collectively own 78.1% of the company.
• MasTec reported 23.4% year-over-year revenue growth to $4.37 billion in its latest quarter, though earnings per share of $2.22 narrowly missed analyst expectations of $2.23.
• Wall Street maintains a positive view, with a consensus “Buy” rating and a $427.32 price target, despite the stock opening at $246.66 and recent analyst target reductions.

Sanctuary Advisors LLC purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,465 shares of the construction company's stock, valued at approximately $2,690,000.

Several other hedge funds have also added to or reduced their stakes in the company. Solstein Capital LLC acquired a new stake in MasTec in the second quarter worth about $58,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in MasTec during the 2nd quarter worth about $17,577,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in MasTec during the 2nd quarter valued at about $650,000. Globeflex Capital L P acquired a new position in MasTec during the 2nd quarter valued at about $1,487,000. Finally, Bank of Nova Scotia bought a new position in shares of MasTec in the 2nd quarter valued at about $16,572,000. Institutional investors own 78.10% of the company's stock.

MasTec Stock Performance

Shares of MTZ stock opened at $246.66 on Wednesday. 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 has a market cap of $19.81 billion, a PE ratio of 39.34 and a beta of 1.81. The stock has a 50-day moving average of $332.81 and a 200-day moving average of $337.74. MasTec, Inc. has a one year low of $171.05 and a one 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 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. The business's revenue was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, sell-side analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 21.40% of the company's stock.

Wall Street Analysts Forecast Growth

MTZ has been the subject of several analyst reports. Morgan Stanley set a $369.00 price target on shares of MasTec in a research report on Friday, July 31st. The Goldman Sachs Group reduced their price objective on shares of MasTec from $508.00 to $409.00 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Roth Capital reaffirmed a "buy" rating and set a $450.00 target price on shares of MasTec in a report on Monday, May 4th. Zacks Research upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Finally, Citigroup cut their price target on MasTec from $483.00 to $408.00 and set a "buy" rating on the stock in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $427.32.

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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