E. Ohman J or Asset Management AB Acquires Shares of 2,340 MasTec, Inc. $MTZ

E. Ohman J or Asset Management AB acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the second quarter, Holdings Channel.com reports. The fund acquired 2,340 shares of the construction company’s stock, valued at approximately $974,000.

Other institutional investors have also made changes to their positions in the company. Gables Capital Management Inc. grew its holdings in MasTec by 30.3% during the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock valued at $4,577,000 after purchasing an additional 4,900 shares in the last quarter. Swedbank AB lifted its holdings in MasTec by 5.2% in the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock worth $13,977,000 after buying an additional 3,200 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in MasTec by 50.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after buying an additional 23,500 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in MasTec by 463.6% in the 4th quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock worth $2,940,000 after buying an additional 11,127 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in MasTec by 4,223.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock valued at $601,000 after buying an additional 2,703 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 21.40% of the stock is currently owned by corporate insiders.

MasTec Price Performance

Shares of MTZ opened at $271.81 on Wednesday. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 43.35 and a beta of 1.81. The stock has a 50 day moving average of $350.05 and a 200-day moving average of $335.49. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. MasTec, Inc. has a 52 week low of $167.66 and a 52 week high of $441.43.

MasTec (NYSE:MTZ) last issued its quarterly earnings results 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). The firm had revenue of $4.37 billion during 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 was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm 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, analysts forecast that MasTec, Inc. will post 8.91 EPS for the current year.

Analyst Upgrades and Downgrades

MTZ has been the subject of several recent analyst reports. TD Cowen lowered their target price on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. CICC Research assumed coverage on MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target on the stock. Truist Financial reissued a “buy” rating and issued a $428.00 price target (down from $550.00) on shares of MasTec in a report on Monday, August 3rd. Cantor Fitzgerald raised their price objective on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, B. Riley Financial restated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $431.42.

About MasTec

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.