First National Bank of Omaha Buys Shares of 10,196 MasTec, Inc. $MTZ

First National Bank of Omaha purchased a new stake in MasTec, Inc. (NYSE:MTZ) during the second quarter, Holdings Channel.com reports. The firm purchased 10,196 shares of the construction company’s stock, valued at approximately $4,242,000.

Several other large investors have also recently made changes to their positions in the stock. Bell Investment Advisors Inc bought a new stake in MasTec during the second quarter valued at about $32,000. Ascentis Independent Advisors bought a new position in MasTec in the first quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in MasTec in the fourth quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of MasTec during the first quarter valued at about $65,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of MasTec by 486.1% during the second quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock valued at $88,000 after buying an additional 175 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research report on Monday, May 4th. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a research report on Monday, May 4th. The Goldman Sachs Group lowered their target price on shares of MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Truist Financial reaffirmed a “buy” rating and issued a $428.00 price target (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their price target on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $427.32.

MasTec Trading Down 7.3%

MasTec stock opened at $280.51 on Wednesday. The stock has a 50-day moving average price of $342.53 and a 200 day moving average price of $337.06. The company has a market capitalization of $22.53 billion, a price-to-earnings ratio of 44.74 and a beta of 1.82. MasTec, Inc. has a 52 week low of $167.66 and a 52 week high of $441.43. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last issued 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). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the company posted $1.49 EPS. MasTec’s quarterly revenue was up 23.4% compared to the same quarter last year. 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 anticipate that MasTec, Inc. will post 8.91 EPS for the current year.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, the director owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.40% of the stock is owned by insiders.

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.