Webs Creek Capital Management LP Takes $29.16 Billion Position in MasTec, Inc. $MTZ

Webs Creek Capital Management LP acquired a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 70,080 shares of the construction company’s stock, valued at approximately $29,157,485,000. MasTec makes up approximately 5.5% of Webs Creek Capital Management LP’s investment portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gables Capital Management Inc. grew its stake in shares of MasTec by 30.3% during the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after buying an additional 4,900 shares during the last quarter. TFR Capital LLC. acquired a new stake in shares of MasTec during the 2nd quarter valued at $1,978,000. Swedbank AB grew its position in MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock worth $13,977,000 after acquiring an additional 3,200 shares during the last quarter. Sanctuary Advisors LLC grew its position in MasTec by 463.6% during the 4th quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock worth $2,940,000 after acquiring an additional 11,127 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in MasTec by 4,223.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock worth $601,000 after purchasing an additional 2,703 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred 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 sale, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 21.40% of the company’s stock.

MasTec Trading Down 4.2%

NYSE MTZ opened at $255.21 on Tuesday. The business’s 50-day moving average price is $335.27 and its two-hundred day moving average price is $337.66. MasTec, Inc. has a 12 month low of $171.05 and a 12 month high of $441.43. The firm has a market capitalization of $20.50 billion, a PE ratio of 40.70 and a beta of 1.82. 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 (NYSE:MTZ) last issued 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 the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the business 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, analysts expect that MasTec, Inc. will post 8.91 EPS for the current year.

Analysts Set New Price Targets

MTZ has been the subject of several research reports. Robert W. Baird dropped their target price on MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. UBS Group lowered their price objective on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Citigroup dropped their price objective on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Mizuho cut their target price on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th. Finally, TD Cowen reduced their target price on shares of MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. One equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price 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.