Great Lakes Advisors LLC Takes $7.63 Million Position in MasTec, Inc. $MTZ

Great Lakes Advisors LLC bought a new position in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,339 shares of the construction company’s stock, valued at approximately $7,630,000.

Several other hedge funds also recently made changes to their positions in MTZ. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec during the 4th quarter valued at $30,000. Ascentis Independent Advisors purchased a new stake in MasTec during the 1st quarter valued at $30,000. Bell Investment Advisors Inc bought a new stake in MasTec in the 2nd quarter worth $32,000. CIBC Private Wealth Group LLC grew its holdings in 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after acquiring an additional 182 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Trading Down 2.9%

NYSE:MTZ opened at $271.94 on Thursday. The company has a 50-day moving average price of $341.26 and a 200-day moving average price of $337.25. The stock has a market cap of $21.84 billion, a price-to-earnings ratio of 43.37 and a beta of 1.81. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 12 month low of $167.66 and a 12 month high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly 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). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the firm earned $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. Equities analysts predict that MasTec, Inc. will post 8.91 EPS for the current year.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 21.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MTZ. JPMorgan Chase & Co. upped their price objective on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Mizuho lowered their price target on MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. Finally, Citigroup cut their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $427.32.

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.