SIR Capital Management L.P. Acquires Shares of 50,469 MasTec, Inc. $MTZ

SIR Capital Management L.P. bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,469 shares of the construction company’s stock, valued at approximately $20,998,000. MasTec comprises approximately 2.4% of SIR Capital Management L.P.’s portfolio, making the stock its 8th biggest position. SIR Capital Management L.P. owned approximately 0.06% of MasTec at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ascentis Independent Advisors acquired a new stake in MasTec in the first quarter worth about $30,000. Bell Investment Advisors Inc acquired a new position in MasTec during the 2nd quarter valued at about $32,000. CIBC Private Wealth Group LLC boosted its stake in shares of MasTec by 372.0% in the 4th 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 during the last quarter. Solstein Capital LLC bought a new position in shares of MasTec in the 2nd quarter valued at about $58,000. Finally, Northwestern Mutual Wealth Management Co. grew 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 buying an additional 182 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Buying and Selling

In related 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 sale, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 21.40% of the company’s stock.

MasTec Stock Down 4.2%

MasTec stock opened at $255.21 on Tuesday. The company’s 50 day simple moving average is $335.27 and its 200 day simple moving average is $337.66. MasTec, Inc. has a fifty-two week low of $171.05 and a fifty-two week high of $441.43. The firm has a market capitalization of $20.50 billion, a price-to-earnings ratio of 40.70 and a beta of 1.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37.

MasTec (NYSE:MTZ) last issued its 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). The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, sell-side analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MTZ shares. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group lowered their target price on shares of MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. KeyCorp dropped their target price on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. UBS Group cut their price target on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Weiss Ratings downgraded MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $427.32.

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.