Perigon Wealth Management LLC Takes $835,000 Position in MasTec, Inc. $MTZ

Perigon Wealth Management LLC purchased a new position in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, Holdings Channel.com reports. The firm purchased 2,007 shares of the construction company’s stock, valued at approximately $835,000.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC bought a new position in shares of MasTec during the 4th quarter worth about $227,000. NewEdge Advisors LLC increased its position in MasTec by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after buying an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in MasTec during the 2nd quarter worth approximately $271,000. Northwestern Mutual Wealth Management Co. raised its stake in 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 buying an additional 182 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in MasTec by 793.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock worth $175,000 after acquiring an additional 912 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

MTZ has been the subject of several research reports. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research report on Monday, May 4th. B. Riley Financial restated a “buy” rating on shares of MasTec in a report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. Robert W. Baird reduced their price objective on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Finally, CICC Research assumed coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $427.32.

MasTec Trading Down 7.3%

NYSE:MTZ opened at $280.51 on Wednesday. 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 market cap 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 firm has a 50-day moving average price of $342.53 and a two-hundred day moving average price of $337.06.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business’s revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the company earned $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. On average, equities analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.