MasTec, Inc. $MTZ Shares Purchased by Tidal Investments LLC

Tidal Investments LLC increased its stake in shares of MasTec, Inc. (NYSE:MTZ) by 114.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,844 shares of the construction company’s stock after buying an additional 36,276 shares during the period. Tidal Investments LLC’s holdings in MasTec were worth $28,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new position in MasTec in the first quarter valued at about $30,000. Bell Investment Advisors Inc purchased a new stake in shares of MasTec during the 2nd quarter worth approximately $32,000. Transamerica Financial Advisors LLC acquired a new stake in shares of MasTec in the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC grew its holdings in shares of MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares during the period. Finally, Solstein Capital LLC purchased a new position in MasTec in the 2nd quarter valued at approximately $58,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MTZ shares. Citigroup reduced their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday, August 3rd. KeyCorp dropped their price target on MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. CICC Research assumed coverage on MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target for the company. The Goldman Sachs Group cut their price target on MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, UBS Group lowered their price objective on shares of MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Twenty analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, MasTec has an average rating of “Moderate Buy” and an average target price of $422.00.

MasTec Price Performance

MTZ stock opened at $241.00 on Thursday. The stock’s 50 day moving average price is $298.62 and its 200 day moving average price is $335.95. The firm has a market cap of $19.35 billion, a P/E ratio of 38.44 and a beta of 1.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. MasTec, Inc. has a 1 year low of $176.31 and a 1 year high of $441.43.

MasTec (NYSE:MTZ) last released 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). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the firm earned $1.49 earnings per share. The business’s 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. On average, sell-side analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

MasTec Profile

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec’s communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.