Park Avenue Securities LLC Purchases 10,272 Shares of MasTec, Inc. $MTZ

Park Avenue Securities LLC boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 170.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,303 shares of the construction company’s stock after acquiring an additional 10,272 shares during the period. Park Avenue Securities LLC’s holdings in MasTec were worth $3,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GK Wealth Management LLC bought a new position in MasTec during the 3rd quarter worth about $29,000. Ascentis Independent Advisors acquired a new stake in shares of MasTec in the 1st quarter valued at approximately $30,000. Bell Investment Advisors Inc acquired a new stake in shares of MasTec in the 2nd quarter valued at approximately $32,000. Transamerica Financial Advisors LLC bought a new position in shares of MasTec in the second quarter valued at $32,000. Finally, Armstrong Advisory Group Inc. grew its stake in shares of MasTec by 40.7% in the third quarter. Armstrong Advisory Group Inc. now owns 197 shares of the construction company’s stock valued at $42,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MTZ. JPMorgan Chase & Co. lowered their target price on shares of MasTec from $369.00 to $303.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Mizuho set a $352.00 price objective on shares of MasTec in a research report on Wednesday, October 7th. Stifel Nicolaus lowered their price objective on shares of MasTec from $376.00 to $305.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. The Goldman Sachs Group restated a “buy” rating and set a $274.00 price objective on shares of MasTec in a research note on Thursday, October 22nd. Finally, Morgan Stanley set a $369.00 target price on shares of MasTec in a report on Friday, July 31st. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $365.10.

MasTec News Summary

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Third-quarter revenue reached approximately $5.2 billion, while adjusted EBITDA was $486 million; both increased about 30% year over year and exceeded expectations. EPS of $2.96 also topped the roughly $2.94–$2.95 consensus. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Power Delivery was a key growth driver, and MasTec’s backlog rose approximately 46% year over year to a record $24.5 billion. The backlog supports visibility into future revenue and reinforces demand for the company’s infrastructure services. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength
• Neutral Sentiment: The earnings release and management’s earnings call highlighted continued opportunities tied to power infrastructure and data-center-related demand, although project timing remains an important factor for the near-term outlook. MasTec Q3 2026 Earnings Call Transcript
• Negative Sentiment: MasTec reduced its full-year 2026 profit outlook because pipeline delays are postponing expected project activity. That guidance cut limits the benefit of the quarterly beats and may keep investors focused on execution and project-start timing. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength

MasTec Stock Up 4.6%

MTZ opened at $186.03 on Friday. MasTec, Inc. has a 1-year low of $164.31 and a 1-year high of $441.43. The stock’s fifty day simple moving average is $215.62 and its 200 day simple moving average is $300.41. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The stock has a market cap of $14.94 billion, a PE ratio of 30.40 and a beta of 1.84.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.01. MasTec had a return on equity of 18.85% and a net margin of 2.80%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the firm posted $2.48 EPS. The company’s quarterly revenue was up 29.9% on a year-over-year basis. As a group, research analysts expect that MasTec, Inc. will post 8.87 earnings per share for the current year.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.