Sequoia Financial Advisors LLC Has $10.21 Million Stock Holdings in MasTec, Inc. $MTZ

Key Points

• Sequoia Financial Advisors increased its MasTec stake by 22.3% in the second quarter, holding 24,540 shares valued at $10.21 million. Institutional investors and hedge funds collectively own 78.1% of the company.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $422, despite several firms recently lowering their targets.
• 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. Shares opened at $232.19, well below the 52-week high of $441.43.

Sequoia Financial Advisors LLC increased its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 22.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,540 shares of the construction company's stock after purchasing an additional 4,482 shares during the quarter. Sequoia Financial Advisors LLC's holdings in MasTec were worth $10,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of MasTec by 114.9% during the second quarter. Tidal Investments LLC now owns 67,844 shares of the construction company's stock worth $28,227,000 after buying an additional 36,276 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of MasTec by 157.6% in the 2nd quarter. NewEdge Advisors LLC now owns 8,841 shares of the construction company's stock worth $3,678,000 after acquiring an additional 5,409 shares in the last quarter. Baird Financial Group Inc. grew its position in MasTec by 25.3% during the 2nd quarter. Baird Financial Group Inc. now owns 1,144 shares of the construction company's stock worth $476,000 after acquiring an additional 231 shares during the last quarter. Arizona State Retirement System grew its position in MasTec by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 17,516 shares of the construction company's stock worth $7,288,000 after acquiring an additional 170 shares during the last quarter. Finally, Waverly Advisors LLC increased its holdings in MasTec by 42.9% during the 2nd quarter. Waverly Advisors LLC now owns 2,311 shares of the construction company's stock valued at $962,000 after purchasing an additional 694 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on MTZ. CICC Research assumed coverage on MasTec in a report on Thursday, May 21st. They set an "outperform" rating and a $480.00 target price on the stock. The Goldman Sachs Group lowered their target price on MasTec from $508.00 to $409.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. UBS Group decreased their price target on MasTec from $453.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Truist Financial reissued a "buy" rating and set a $428.00 price objective (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Finally, Cantor Fitzgerald upped their target price on shares of MasTec from $545.00 to $581.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, MasTec has a consensus rating of "Moderate Buy" and a consensus target price of $422.00.

MasTec Stock Performance

MTZ stock opened at $232.19 on Friday. 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 business's 50-day moving average price is $295.78 and its two-hundred day moving average price is $335.59. MasTec, Inc. has a 1-year low of $182.34 and a 1-year high of $441.43. The firm has a market cap of $18.65 billion, a PE ratio of 37.03 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 the consensus estimate of $2.23 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last 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. As a group, research analysts forecast that MasTec, Inc. will post 8.91 earnings per share 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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