Ieq Capital LLC Invests $16.66 Million in MasTec, Inc. $MTZ

Ieq Capital LLC purchased a new position in MasTec, Inc. (NYSE:MTZ) during the second quarter, Holdings Channel reports. The firm purchased 40,032 shares of the construction company’s stock, valued at approximately $16,656,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Earned Wealth Advisors LLC lifted its position in MasTec by 2.8% during the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after purchasing an additional 28 shares during the period. Aigen Investment Management LP increased its holdings in MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after buying an additional 38 shares during the period. Everhart Financial Group Inc. increased its holdings in MasTec by 5.4% in the 2nd quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after buying an additional 45 shares during the period. Motley Fool Asset Management LLC raised its position in shares of MasTec by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after buying an additional 47 shares in the last quarter. Finally, Williamson Legacy Group LLC raised its position in shares of MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. CICC Research started coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price objective for the company. UBS Group cut their target price on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Morgan Stanley set a $369.00 target price on MasTec in a report on Friday, July 31st. Finally, Robert W. Baird decreased their price target on MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. One 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 data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $427.32.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.40% of the company’s stock.

MasTec Trading Down 1.8%

MTZ opened at $266.89 on Friday. The company’s 50 day moving average is $337.60 and its 200-day moving average is $336.97. MasTec, Inc. has a 1-year low of $171.05 and a 1-year high of $441.43. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The company has a market cap of $21.43 billion, a P/E ratio of 42.57 and a beta of 1.81.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter 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. Equities research analysts predict that MasTec, Inc. will post 8.91 earnings per share 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.