MasTec, Inc. $MTZ Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its position in MasTec, Inc. (NYSE:MTZ) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 198,800 shares of the construction company’s stock after selling 6,300 shares during the quarter. MasTec comprises about 1.6% of Hennessy Advisors Inc.’s holdings, making the stock its 9th largest position. Hennessy Advisors Inc. owned 0.25% of MasTec worth $42,468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC purchased a new stake in MasTec in the 2nd quarter worth approximately $32,000. Bell Investment Advisors Inc purchased a new position in shares of MasTec during the 2nd quarter worth $32,000. Ascentis Independent Advisors purchased a new position in shares of MasTec during the 1st quarter worth $30,000. GK Wealth Management LLC purchased a new position in shares of MasTec during the 3rd quarter worth $29,000. Finally, Solstein Capital LLC acquired a new stake in shares of MasTec during the second quarter worth $58,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Stock Down 0.0%

Shares of MasTec stock opened at $186.03 on Monday. The company has a fifty day moving average price of $215.62 and a 200 day moving average price of $300.41. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 0.95. MasTec, Inc. has a twelve month low of $164.31 and a twelve month high of $441.43. The stock has a market cap of $14.94 billion, a price-to-earnings ratio of 30.40 and a beta of 1.84.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, October 29th. The construction company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.95 by $0.01. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.94 billion. MasTec had a return on equity of 17.89% and a net margin of 2.80%. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the company posted $2.48 earnings per share. Equities research analysts forecast that MasTec, Inc. will post 8.87 earnings per share for the current fiscal year.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Third-quarter revenue reached approximately $5.2 billion, while adjusted EBITDA was $486 million; both increased about 30% year over year and exceeded expectations. EPS of $2.96 also topped the roughly $2.94–$2.95 consensus. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Power Delivery was a key growth driver, and MasTec’s backlog rose approximately 46% year over year to a record $24.5 billion. The backlog supports visibility into future revenue and reinforces demand for the company’s infrastructure services. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength
• Neutral Sentiment: The earnings release and management’s earnings call highlighted continued opportunities tied to power infrastructure and data-center-related demand, although project timing remains an important factor for the near-term outlook. MasTec Q3 2026 Earnings Call Transcript
• Negative Sentiment: MasTec reduced its full-year 2026 profit outlook because pipeline delays are postponing expected project activity. That guidance cut limits the benefit of the quarterly beats and may keep investors focused on execution and project-start timing. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength

Analysts Set New Price Targets

A number of research analysts have recently commented on MTZ shares. Wall Street Zen downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Morgan Stanley set a $369.00 target price on shares of MasTec in a research report on Friday, July 31st. Citigroup lowered their target price on shares of MasTec from $408.00 to $308.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Stifel Nicolaus dropped their price target on shares of MasTec from $376.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $365.10.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.