Tribune Investment Group LP reduced its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 73.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,640 shares of the construction company's stock after selling 21,360 shares during the quarter. MasTec makes up approximately 1.3% of Tribune Investment Group LP's portfolio, making the stock its 26th biggest position. Tribune Investment Group LP's holdings in MasTec were worth $3,179,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in shares of MasTec in the first quarter valued at approximately $30,000. Bell Investment Advisors Inc purchased a new stake in MasTec during the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC lifted its holdings in MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company's stock worth $51,000 after buying an additional 186 shares in the last quarter. Solstein Capital LLC acquired a new stake in MasTec during the 2nd quarter worth approximately $58,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company's stock valued at $61,000 after buying an additional 182 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Truist Financial reaffirmed a "buy" rating and set a $428.00 price objective (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. CICC Research began coverage on MasTec in a report on Thursday, May 21st. They issued an "outperform" rating and a $480.00 target price for the company. Weiss Ratings cut MasTec from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Citigroup cut their price target on MasTec from $483.00 to $408.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Finally, Zacks Research lowered MasTec from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 26th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $427.32.
View Our Latest Analysis on MTZ
MasTec Trading Down 1.3%
Shares of NYSE:MTZ opened at $232.37 on Friday. MasTec, Inc. has a 52 week low of $171.05 and a 52 week high of $441.43. The company's 50 day moving average is $312.03 and its two-hundred day moving average is $336.77. The company has a market cap of $18.66 billion, a PE ratio of 37.06 and a beta of 1.82. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.
MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). The firm had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec's revenue for the quarter was up 23.4% on a year-over-year basis. During the same period last year, the firm 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. Equities analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.
MasTec Company Profile
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Free Report)
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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