UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 87,560 Shares of MasTec, Inc. $MTZ

Key Points

• UBS Asset Management increased its MasTec stake by 27.7% in the second quarter, purchasing 87,560 additional shares and bringing its holdings to 403,709 shares worth approximately $168 million.
• Institutional ownership remains high at 78.1%, with BlackRock, Hill City Capital, Victory Capital, Bank of America and Peconic Partners among other major investors adding or initiating positions.
• Analysts maintain a generally positive outlook, with 19 Buy ratings and two Holds, although several firms lowered price targets. MasTec reported quarterly revenue growth of 23.4% year over year but narrowly missed earnings expectations, while shares opened at $238.92—well below their 52-week high of $441.43.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 27.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 403,709 shares of the construction company's stock after acquiring an additional 87,560 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.50% of MasTec worth $167,967,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MTZ. BlackRock Inc. bought a new position in shares of MasTec in the 2nd quarter worth about $3,178,069,000. Hill City Capital LP acquired a new stake in MasTec during the second quarter worth approximately $896,609,300. Victory Capital Management Inc. grew its stake in MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock worth $573,304,000 after purchasing an additional 1,690,896 shares during the period. Bank of America Corp DE bought a new stake in MasTec in the second quarter worth approximately $555,825,000. Finally, Peconic Partners LLC increased its holdings in MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock worth $347,792,000 after purchasing an additional 850,000 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTZ has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price target on MasTec from $508.00 to $409.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. TD Cowen dropped their target price on shares of MasTec from $470.00 to $420.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Cantor Fitzgerald increased their target price on shares of MasTec from $545.00 to $581.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Robert W. Baird reduced their price target on shares of MasTec from $475.00 to $363.00 and set an "outperform" rating for the company in a report on Monday, August 3rd. Finally, Guggenheim lifted their price target on shares of MasTec from $480.00 to $518.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Nineteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $427.32.

MasTec Stock Down 0.4%

MasTec stock opened at $238.92 on Wednesday. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 38.11 and a beta of 1.82. The firm's fifty day moving average price is $318.58 and its two-hundred day moving average price is $337.24. MasTec, Inc. has a 1-year low of $171.05 and a 1-year high of $441.43. 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 announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. MasTec'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 EPS. 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 research analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

MasTec Company 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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