Danske Bank A S Invests $24.53 Million in MasTec, Inc. $MTZ

Danske Bank A S acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 58,959 shares of the construction company’s stock, valued at approximately $24,530,000. Danske Bank A S owned about 0.07% of MasTec as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in MasTec during the second quarter worth approximately $3,178,069,000. Victory Capital Management Inc. increased its stake in MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Peconic Partners LLC raised its holdings in MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares in the last quarter. First Trust Advisors LP raised its holdings in MasTec by 7.6% during the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock worth $454,163,000 after purchasing an additional 100,151 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of MasTec by 6.0% during the 1st quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company’s stock worth $427,935,000 after buying an additional 75,100 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of MTZ opened at $271.94 on Thursday. The company’s 50 day simple moving average is $341.26 and its 200-day simple moving average is $337.25. The firm has a market cap of $21.84 billion, a PE ratio of 43.37 and a beta of 1.81. MasTec, Inc. has a 12-month low of $167.66 and a 12-month high of $441.43. 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 (NYSE:MTZ) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the company earned $1.49 EPS. The firm’s revenue for the quarter 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. As a group, equities analysts predict that MasTec, Inc. will post 8.91 EPS for the current year.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their target price on shares of MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. TD Cowen reduced their price target on shares of MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. UBS Group decreased their price objective on shares of MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Stifel Nicolaus set a $455.00 price objective on MasTec in a report on Monday, May 4th. Finally, Cantor Fitzgerald raised their price objective on MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $427.32.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated 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 approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 21.40% of the company’s stock.

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.