Jupiter Topco LLC Acquires Shares of 15,153 MasTec, Inc. $MTZ

Jupiter Topco LLC acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 15,153 shares of the construction company’s stock, valued at approximately $6,305,000.

A number of other large investors also recently modified their holdings of MTZ. Gables Capital Management Inc. raised its holdings in shares of MasTec by 30.3% in the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after acquiring an additional 4,900 shares during the last quarter. Swedbank AB boosted its stake in MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after purchasing an additional 3,200 shares during the last quarter. TFR Capital LLC. bought a new stake in MasTec during the 2nd quarter worth approximately $1,978,000. Ameritas Advisory Services LLC increased its holdings in MasTec by 4,223.4% during 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. Finally, Fidelis Capital Partners LLC raised its stake in shares of MasTec by 36.0% in the fourth quarter. Fidelis Capital Partners LLC now owns 11,952 shares of the construction company’s stock worth $2,598,000 after purchasing an additional 3,163 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. B. Riley Financial restated a “buy” rating on shares of MasTec in a report on Monday, May 4th. Truist Financial reiterated a “buy” rating and set a $428.00 price target (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Guggenheim increased their price target on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group reduced their target price on shares of MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, CICC Research started coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price for the company. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and a consensus target price of $427.32.

MasTec Stock Performance

MTZ stock opened at $239.91 on Tuesday. The firm has a market cap of $19.27 billion, a PE ratio of 38.26 and a beta of 1.82. 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 business has a 50 day moving average of $321.60 and a 200-day moving average of $337.42. MasTec, Inc. has a 12-month low of $171.05 and a 12-month high of $441.43.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 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 analysts’ expectations of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business’s revenue was up 23.4% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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 directly owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.40% of the stock is currently owned by corporate insiders.

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.