MasTec, Inc. $MTZ Stake Lessened by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC lowered its holdings in MasTec, Inc. (NYSE:MTZ) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,655 shares of the construction company’s stock after selling 3,653 shares during the period. Bouvel Investment Partners LLC’s holdings in MasTec were worth $3,558,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. GK Wealth Management LLC acquired a new stake in MasTec in the 3rd quarter worth about $29,000. Ascentis Independent Advisors acquired a new position in shares of MasTec during the 1st quarter valued at about $30,000. Bell Investment Advisors Inc acquired a new position in shares of MasTec during the 2nd quarter valued at about $32,000. Transamerica Financial Advisors LLC purchased a new position in shares of MasTec during the 2nd quarter worth about $32,000. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of MasTec by 40.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 197 shares of the construction company’s stock worth $42,000 after acquiring an additional 57 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Trading Down 0.2%

MTZ stock traded down $0.47 during midday trading on Tuesday, reaching $206.38. 1,530,642 shares of the company’s stock traded hands, compared to its average volume of 1,194,963. The company has a market capitalization of $16.57 billion, a P/E ratio of 32.92 and a beta of 1.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. MasTec, Inc. has a fifty-two week low of $182.34 and a fifty-two week high of $441.43. The business has a 50-day moving average price of $240.88 and a two-hundred day moving average price of $323.05.

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 the consensus estimate of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%. The business 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 earnings per share. 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 research analysts forecast that MasTec, Inc. will post 8.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MTZ shares. Guggenheim raised their target price on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Truist Financial dropped their price target on shares of MasTec from $428.00 to $380.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Mizuho set a $352.00 price target on shares of MasTec in a research note on Wednesday, October 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $348.00 price target on shares of MasTec in a report on Monday. Finally, UBS Group decreased their price target on shares of MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $389.80.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.