UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in MasTec, Inc. $MTZ

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of MasTec, Inc. (NYSE:MTZ) by 27.7% during the 2nd quarter, Holdings Channel reports. The firm owned 403,709 shares of the construction company’s stock after purchasing an additional 87,560 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MasTec were worth $167,967,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTZ. BlackRock Inc. bought a new stake in MasTec during the second quarter worth $3,178,069,000. Victory Capital Management Inc. lifted its stake in shares of MasTec by 178.6% during the 4th 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 in the last quarter. Hill City Capital LP bought a new position in shares of MasTec in the second quarter worth $896,609,300. Peconic Partners LLC boosted its stake in MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the period. Finally, First Trust Advisors LP grew its stake in MasTec by 7.6% during the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock valued at $454,163,000 after acquiring an additional 100,151 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MTZ. KeyCorp reduced their target price on MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Cantor Fitzgerald lifted their price target on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Wall Street Zen lowered MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Robert W. Baird reduced their target price on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and a consensus target price of $427.32.

MasTec Stock Down 0.4%

MTZ stock opened at $238.92 on Wednesday. The business has a 50 day moving average of $318.58 and a 200 day moving average of $337.24. The firm has a market cap of $19.19 billion, a PE ratio of 38.11 and a beta of 1.82. MasTec, Inc. has a twelve month low of $171.05 and a twelve 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.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business posted $1.49 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts forecast that MasTec, Inc. will post 8.91 EPS for the current fiscal 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.