Community Trust & Investment Co. Decreases Stake in MasTec, Inc. $MTZ

Community Trust & Investment Co. cut its stake in shares of MasTec, Inc. (NYSE:MTZ) by 32.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,763 shares of the construction company’s stock after selling 36,150 shares during the quarter. MasTec comprises about 1.6% of Community Trust & Investment Co.’s investment portfolio, making the stock its 15th largest position. Community Trust & Investment Co.’s holdings in MasTec were worth $30,690,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec during the fourth quarter worth about $30,000. Ascentis Independent Advisors acquired a new stake in shares of MasTec during the 1st quarter valued at approximately $30,000. CIBC Private Wealth Group LLC lifted its position in shares of MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after acquiring an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of MasTec in the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

MasTec stock opened at $272.83 on Friday. MasTec, Inc. has a 1 year low of $167.66 and a 1 year high of $441.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The firm has a 50 day moving average price of $353.78 and a 200 day moving average price of $334.44. The company has a market cap of $21.91 billion, a price-to-earnings ratio of 43.51 and a beta of 1.81.

MasTec (NYSE:MTZ) last posted 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). The company 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%.The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the business earned $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. Sell-side analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research report on Monday, May 4th. UBS Group dropped their target price on shares of MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a research report on Monday, May 4th. Morgan Stanley set a $369.00 price target on shares of MasTec in a report on Friday, July 31st. Finally, CICC Research began coverage on shares of MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $431.42.

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.