Northwestern Mutual Wealth Management Co. Acquires New Stake in MasTec, Inc. $MTZ

Northwestern Mutual Wealth Management Co. acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,446 shares of the construction company’s stock, valued at approximately $6,010,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC purchased a new position in MasTec in the 4th quarter worth about $227,000. NewEdge Advisors LLC lifted its holdings in MasTec by 32.6% during the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after buying an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in MasTec in the 2nd quarter valued at about $271,000. EverSource Wealth Advisors LLC boosted its position in MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after buying an additional 912 shares during the period. Finally, Amundi grew its stake in MasTec by 26,240.0% in the 2nd quarter. Amundi now owns 2,634 shares of the construction company’s stock worth $446,000 after acquiring an additional 2,624 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of MTZ opened at $266.89 on Monday. The company has a 50 day moving average price of $337.60 and a 200-day moving average price of $337.62. MasTec, Inc. has a fifty-two week low of $171.05 and a fifty-two week high of $441.43. The stock has a market capitalization of $21.43 billion, a PE ratio of 42.57 and a beta of 1.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

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 business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. MasTec’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. Equities analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MTZ. Citigroup decreased their price target on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Wall Street Zen cut MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. KeyCorp reduced their price objective on MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Cantor Fitzgerald lifted their target price on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $427.32.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 21.40% of the company’s stock.

MasTec 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.