Ninepoint Partners LP Invests $1.68 Million in MasTec, Inc. $MTZ

Ninepoint Partners LP bought a new position in MasTec, Inc. (NYSE:MTZ) during the second quarter, Holdings Channel reports. The firm bought 4,037 shares of the construction company’s stock, valued at approximately $1,680,000.

Several other large investors have also added to or reduced their stakes in MTZ. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec during the 4th quarter valued at about $30,000. Ascentis Independent Advisors purchased a new stake in shares of MasTec in the first quarter worth approximately $30,000. Bell Investment Advisors Inc purchased a new stake in shares of MasTec in the second quarter worth approximately $32,000. CIBC Private Wealth Group LLC lifted its holdings in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MTZ. Morgan Stanley set a $369.00 price target on MasTec in a report on Friday, July 31st. UBS Group dropped their price objective on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $493.00 target price on shares of MasTec in a report on Monday, May 4th. Finally, Cantor Fitzgerald raised their price target on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report 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 given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $427.32.

MasTec Stock Performance

MTZ stock opened at $271.03 on Friday. The firm has a market cap of $21.77 billion, a PE ratio of 43.23 and a beta of 1.81. 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 $339.52 and a 200-day moving average of $337.46. 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). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the business posted $1.49 earnings per share. The business’s revenue 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, 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 the firm’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 directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 21.40% of the stock is currently owned by corporate insiders.

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.