Silvant Capital Management LLC Invests $5.63 Million in MasTec, Inc. $MTZ

Silvant Capital Management LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, Holdings Channel reports. The firm bought 13,541 shares of the construction company’s stock, valued at approximately $5,634,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in MasTec in the 2nd quarter worth about $3,178,069,000. Victory Capital Management Inc. lifted its stake in shares of MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Peconic Partners LLC lifted its position in shares of MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after buying an additional 850,000 shares during the last quarter. First Trust Advisors LP lifted its position 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 valued at $454,163,000 after acquiring an additional 100,151 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in MasTec by 6.0% in the first quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company’s stock valued at $427,935,000 after buying an additional 75,100 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Price Performance

MasTec stock opened at $271.03 on Friday. The stock has a market cap of $21.77 billion, a P/E ratio of 43.23 and a beta of 1.81. 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 company has a 50-day moving average price of $339.52 and a 200 day moving average price 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 announced its quarterly earnings data 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 firm had revenue of $4.37 billion during 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%. MasTec’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Sell-side analysts anticipate 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 several research reports. UBS Group lowered 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. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a report on Monday, May 4th. Citigroup reduced their price target on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Robert W. Baird reduced their price objective on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Finally, Stifel Nicolaus set a $455.00 target price on MasTec in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $427.32.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’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 sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 21.40% of the company’s stock.

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.