Pallas Capital Advisors LLC Invests $3.12 Million in MasTec, Inc. $MTZ

Pallas Capital Advisors LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, Holdings Channel.com reports. The firm bought 7,511 shares of the construction company’s stock, valued at approximately $3,125,000.

Other large investors have also bought and sold shares of the company. Earned Wealth Advisors LLC boosted its stake in shares of MasTec by 2.8% during the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock valued at $326,000 after purchasing an additional 28 shares during the period. Aigen Investment Management LP raised its holdings in MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after buying an additional 38 shares during the last quarter. Everhart Financial Group Inc. raised its holdings in MasTec by 5.4% during the 2nd quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after buying an additional 45 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in MasTec by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after buying an additional 47 shares during the period. Finally, Williamson Legacy Group LLC boosted its position in MasTec by 0.9% during the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after buying an additional 52 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 6,500 shares of the company’s 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 completion of the sale, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 21.40% of the company’s stock.

MasTec Stock Performance

Shares of MTZ stock opened at $302.51 on Tuesday. 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 company has a 50 day moving average price of $343.99 and a 200-day moving average price of $336.81. MasTec, Inc. has a 52 week low of $167.66 and a 52 week high of $441.43. The firm has a market capitalization of $24.29 billion, a PE ratio of 48.25 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its 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 company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period last year, the firm posted $1.49 EPS. 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, equities research analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of analyst reports. CICC Research assumed coverage on shares of MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price for the company. UBS Group lowered their price target on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Morgan Stanley set a $369.00 price objective on MasTec in a report on Friday, July 31st. Guggenheim lifted their price objective on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Cantor Fitzgerald boosted their target price on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, MasTec has an average rating of “Buy” and a consensus target price of $427.32.

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.