Navellier & Associates Inc. Acquires 3,300 Shares of MasTec, Inc. $MTZ

Navellier & Associates Inc. boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 15.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,709 shares of the construction company’s stock after purchasing an additional 3,300 shares during the period. MasTec accounts for approximately 0.8% of Navellier & Associates Inc.’s holdings, making the stock its 26th largest holding. Navellier & Associates Inc.’s holdings in MasTec were worth $10,280,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MTZ. BlackRock Inc. bought a new stake in shares of MasTec during the second quarter worth $3,178,069,000. Hill City Capital LP acquired a new stake in shares of MasTec in the second quarter valued at $896,609,300. Victory Capital Management Inc. raised its holdings in shares of MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after buying an additional 1,690,896 shares during the last quarter. Bank of America Corp DE bought a new position in shares of MasTec in the second quarter valued at about $555,825,000. Finally, Peconic Partners LLC lifted its position in MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after buying an additional 850,000 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MTZ. Mizuho decreased their price objective on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Morgan Stanley set a $369.00 target price on shares of MasTec in a research report on Friday, July 31st. Truist Financial reissued a “buy” rating and set a $428.00 price target (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Guggenheim raised their price target on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research report on Monday, May 4th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $427.32.

Insiders Place Their Bets

In related 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 value of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares in the company, valued at $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 SEC, which is available at the SEC website. 21.40% of the stock is owned by corporate insiders.

MasTec Price Performance

Shares of MTZ stock opened at $241.08 on Friday. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of 38.45 and a beta of 1.81. MasTec, Inc. has a 12 month low of $171.05 and a 12 month high of $441.43. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $324.93 and a 200 day moving average price of $337.05.

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 analysts’ consensus estimates of $2.23 by ($0.01). The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Research analysts expect that MasTec, Inc. will post 8.91 EPS for the current year.

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.