86,514 Shares in MasTec, Inc. $MTZ Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, Holdings Channel reports. The fund acquired 86,514 shares of the construction company’s stock, valued at approximately $35,867,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTZ. Bell Investment Advisors Inc bought a new position in shares of MasTec in the second quarter worth about $32,000. Ascentis Independent Advisors acquired a new stake in shares of MasTec in the 1st quarter valued at approximately $30,000. Solstein Capital LLC bought a new stake in shares of MasTec during the 2nd quarter valued at approximately $58,000. GHP Investment Advisors Inc. bought a new stake in shares of MasTec during the 1st quarter valued at approximately $65,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of MasTec by 486.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock valued at $88,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Analysts Set New Price Targets

MTZ has been the subject of several research reports. Stifel Nicolaus set a $455.00 price objective on shares of MasTec in a research note on Monday, May 4th. Truist Financial reaffirmed a “buy” rating and set a $428.00 target price (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. CICC Research started coverage on shares of MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target for the company. Cantor Fitzgerald increased their price target on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Mizuho dropped their price target on MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. One equities research 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 company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $427.32.

MasTec Stock Up 1.0%

Shares of NYSE MTZ opened at $251.15 on Friday. The company has a 50 day simple moving average of $327.72 and a 200 day simple moving average of $337.72. The firm has a market cap of $20.17 billion, a PE ratio of 40.06 and a beta of 1.81. MasTec, Inc. has a 1 year low of $171.05 and a 1 year high of $441.43. 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 posted its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share 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 period in the previous year, the firm earned $1.49 earnings per share. The company’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. On average, research analysts forecast that MasTec, Inc. will post 8.91 EPS for the current year.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.