Northwestern Mutual Wealth Management Co. Trims Stock Position in MasTec, Inc. $MTZ

Northwestern Mutual Wealth Management Co. lessened its position in shares of MasTec, Inc. (NYSE:MTZ) by 90.5% during the second quarter, HoldingsChannel.com reports. The fund owned 14,446 shares of the construction company’s stock after selling 138,235 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in MasTec were worth $6,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of MasTec during the 2nd quarter valued at $3,178,069,000. Victory Capital Management Inc. raised its position in shares of MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after buying an additional 1,690,896 shares in the last quarter. Hill City Capital LP bought a new stake in MasTec during the second quarter valued at $896,609,300. Peconic Partners LLC grew its position in MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after buying an additional 850,000 shares in the last quarter. Finally, First Trust Advisors LP grew 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 worth $454,163,000 after buying an additional 100,151 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Price Performance

MTZ opened at $232.37 on Friday. The stock has a 50-day moving average price of $312.03 and a 200-day moving average price of $336.77. MasTec, Inc. has a 12-month low of $171.05 and a 12-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. The stock has a market capitalization of $18.66 billion, a P/E ratio of 37.06 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its quarterly 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 business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company’s revenue was up 23.4% compared to the same quarter last year. During the same period last year, the business posted $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 analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTZ has been the topic of several recent analyst reports. Wall Street Zen cut MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. KeyCorp decreased their price objective on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings downgraded shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Citigroup dropped their target price 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. Finally, Morgan Stanley set a $369.00 price target on shares of MasTec in a research note on Friday, July 31st. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $427.32.

MasTec Company 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.