Gables Capital Management Inc. Makes New $8.14 Million Investment in MasTec, Inc. $MTZ

Gables Capital Management Inc. bought a new stake in MasTec, Inc. (NYSE:MTZ) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,569 shares of the construction company’s stock, valued at approximately $8,142,000. MasTec makes up approximately 2.9% of Gables Capital Management Inc.’s holdings, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in MasTec in the 4th quarter valued at approximately $30,000. Ascentis Independent Advisors purchased a new stake in shares of MasTec in the 1st quarter worth about $30,000. Bell Investment Advisors Inc acquired a new stake in MasTec in the 2nd quarter valued at about $32,000. CIBC Private Wealth Group LLC increased its holdings in MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after acquiring an additional 186 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on MTZ shares. Cantor Fitzgerald raised their price target on MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Citigroup cut their price objective on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Truist Financial reissued a “buy” rating and set a $428.00 price target (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Guggenheim lifted their price objective on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Robert W. Baird dropped their price objective on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, MasTec currently has a consensus rating of “Buy” and an average price target of $427.32.

MasTec Price Performance

Shares of MTZ stock opened at $280.51 on Wednesday. The firm has a fifty day simple moving average of $342.53 and a 200-day simple moving average of $337.06. The company has a market capitalization of $22.53 billion, a PE ratio of 44.74 and a beta of 1.82. MasTec, Inc. has a twelve month low of $167.66 and a twelve 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 announced its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities research analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 21.40% of the stock is currently owned by insiders.

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.