Canada Pension Plan Investment Board Acquires New Stake in MasTec, Inc. $MTZ

Canada Pension Plan Investment Board bought a new position in shares of MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 619,910 shares of the construction company’s stock, valued at approximately $257,920,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new stake in shares of MasTec during the second quarter worth about $32,000. Ascentis Independent Advisors purchased a new position in shares of MasTec in the first quarter valued at approximately $30,000. Solstein Capital LLC acquired a new position in shares of MasTec in the second quarter valued at approximately $58,000. GHP Investment Advisors Inc. acquired a new position in shares of MasTec in the first quarter valued at approximately $65,000. Finally, Harbor Investment Advisory LLC increased its stake in MasTec by 486.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock worth $88,000 after buying an additional 175 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 21.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MTZ shares. CICC Research assumed coverage on shares of MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. Wall Street Zen downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Roth Capital reaffirmed a “buy” rating and set a $450.00 price objective on shares of MasTec in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. Finally, Guggenheim lifted their target price on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. 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 company currently has a consensus rating of “Buy” and an average target price of $427.32.

MasTec Stock Down 3.4%

Shares of MasTec stock opened at $246.66 on Wednesday. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43. The company has a 50 day moving average of $332.81 and a 200 day moving average of $337.74. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $19.81 billion, a P/E ratio of 39.34 and a beta of 1.81.

MasTec (NYSE:MTZ) last announced its quarterly earnings data 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 firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. MasTec’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, research analysts forecast that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

About MasTec

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.