MasTec, Inc. $MTZ Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its stake in MasTec, Inc. (NYSE:MTZ) by 9.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 32,624 shares of the construction company’s stock after selling 3,321 shares during the period. Sterling Capital Management LLC’s holdings in MasTec were worth $6,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TFR Capital LLC. bought a new position in MasTec during the 2nd quarter worth approximately $1,978,000. Bruni J V & Co. Co. acquired a new position in shares of MasTec in the 2nd quarter worth approximately $6,708,968. PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of MasTec by 93.7% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 13,229 shares of the construction company’s stock worth $5,504,000 after acquiring an additional 6,400 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of MasTec in the 2nd quarter worth approximately $555,825,000. Finally, Pinnbrook Capital Management LP bought a new stake in shares of MasTec in the 2nd quarter valued at approximately $11,335,000. Institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

MTZ has been the topic of several research reports. TD Cowen dropped their price target on MasTec from $420.00 to $320.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Weiss Ratings cut MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Piper Sandler decreased their price objective on shares of MasTec from $321.00 to $313.00 and set a “neutral” rating for the company in a report on Monday, September 28th. Morgan Stanley set a $369.00 target price on shares of MasTec in a research note on Friday, July 31st. Finally, Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.10.

MasTec Stock Performance

Shares of MTZ stock opened at $171.13 on Friday. MasTec, Inc. has a 12-month low of $164.31 and a 12-month high of $441.43. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 27.29 and a beta of 1.84. The business has a 50 day simple moving average of $225.03 and a 200 day simple moving average of $314.54. 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 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). MasTec had a net margin of 3.07% and a return on equity of 18.08%. 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 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. 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, equities research analysts anticipate that MasTec, Inc. will post 8.87 EPS for the current year.

MasTec Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.