Webs Creek Capital Management LP Invests $29.16 Billion in MasTec, Inc. $MTZ

Key Points

• Webs Creek Capital Management acquired 70,080 MasTec shares during the second quarter, reportedly valued at approximately $29.16 billion, representing 5.5% of its portfolio and 0.09% of MasTec’s outstanding stock. Institutional investors collectively own 78.1% of the company.
• MasTec’s latest quarterly revenue rose 23.4% year over year to $4.37 billion, exceeding estimates, while EPS of $2.22 narrowly missed consensus by $0.01. The company issued third-quarter EPS guidance of $2.98 and full-year guidance of $9.30.
• Analysts maintain a broadly positive view, with a consensus “Buy” rating and an average price target of $427.32, despite several recent target reductions. Shares opened at $255.21, well below their 52-week high of $441.43.

Webs Creek Capital Management LP bought a new stake in 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 bought 70,080 shares of the construction company's stock, valued at approximately $29,157,485,000. MasTec comprises 5.5% of Webs Creek Capital Management LP's investment portfolio, making the stock its 12th biggest position. Webs Creek Capital Management LP owned about 0.09% of MasTec as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Ascentis Independent Advisors bought a new stake in MasTec in the 1st quarter valued at $30,000. Bell Investment Advisors Inc acquired a new position in MasTec in the 2nd quarter valued at $32,000. CIBC Private Wealth Group LLC increased its position 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 during the period. Solstein Capital LLC acquired a new stake in shares of MasTec during the second quarter worth $58,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company's stock worth $61,000 after buying an additional 182 shares in the last quarter. Institutional investors own 78.10% of the company's stock.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares of the company's stock, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.40% of the company's stock.

MasTec Stock Performance

Shares of MasTec stock opened at $255.21 on Tuesday. 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 company has a market cap of $20.50 billion, a PE ratio of 40.70 and a beta of 1.82. The company has a 50 day moving average of $335.27 and a 200-day moving average of $337.66. MasTec, Inc. has a 1-year low of $171.05 and a 1-year high of $441.43.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The firm's revenue for the quarter 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, equities research analysts forecast that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Mizuho dropped their price objective on shares of MasTec from $502.00 to $457.00 and set an "outperform" rating for the company in a research note on Tuesday, August 4th. B. Riley Financial restated a "buy" rating on shares of MasTec in a research report on Monday, May 4th. Citigroup lowered their target price on shares of MasTec from $483.00 to $408.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Weiss Ratings downgraded shares of MasTec from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, Guggenheim boosted their price target on MasTec from $480.00 to $518.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target 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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