Wellington Grp LLC Reduces Stock Holdings in MasTec, Inc. $MTZ

Wellington Grp LLC lowered its stake in shares of MasTec, Inc. (NYSE:MTZ) by 93.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 259 shares of the construction company’s stock after selling 4,006 shares during the quarter. Wellington Grp LLC’s holdings in MasTec were worth $83,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTZ. Victory Capital Management Inc. lifted its position in 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 during the last quarter. Peconic Partners LLC increased 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 valued at $347,792,000 after acquiring an additional 850,000 shares during the last quarter. Coatue Management LLC bought a new position in MasTec during the fourth quarter valued at $147,357,000. Merewether Investment Management LP raised its stake in shares of MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after acquiring an additional 324,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of MasTec by 71.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after acquiring an additional 304,358 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Stock Down 18.8%

NYSE:MTZ opened at $263.51 on Friday. MasTec, Inc. has a twelve month low of $160.08 and a twelve month high of $441.43. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 42.03 and a beta of 1.77. The stock has a fifty day simple moving average of $365.55 and a 200-day simple moving average of $333.18. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.47%. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm 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. Analysts anticipate that MasTec, Inc. will post 9.18 EPS for the current year.

Analyst Upgrades and Downgrades

MTZ has been the subject of several analyst reports. Cantor Fitzgerald raised their target price on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. CICC Research started coverage on shares of MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective for the company. Finally, KeyCorp boosted their target price on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $461.74.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported second-quarter revenue of $4.37 billion, up 23.4% year over year and above the approximately $4.30 billion consensus estimate. EPS increased to $2.22 from $1.49 a year earlier. Management also highlighted broad-based growth, margin expansion and backlog development. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: The company’s adjusted EBITDA margin improved by 100 basis points, while third-quarter guidance calls for $4.9 billion in revenue and $2.98 EPS. Full-year 2026 guidance of $18.2 billion in revenue and $9.30 EPS is above current analyst consensus. MasTec 2026 Q2 Results Presentation
• Neutral Sentiment: MasTec appointed Alex Spiro to its board. His experience advising large companies on governance, regulatory and strategic matters may support the company’s oversight, but the appointment is unlikely to materially affect near-term earnings. MasTec Announces Alex Spiro Board Appointment
• Negative Sentiment: The earnings result was mixed: EPS narrowly missed the broader consensus estimate of $2.23, even though it exceeded the Zacks estimate of $2.19. Investors appear to be looking beyond the headline revenue beat and questioning the quality or sustainability of the outlook. MasTec Q2 Key Metrics
• Negative Sentiment: Market coverage characterized the updated guidance as a cut relative to prior expectations, overshadowing the record quarter. This concern about forward growth expectations appears to be the primary reason MTZ moved lower despite year-over-year gains and guidance above consensus. MasTec Falls After Guidance Cut

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated 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 completion of the sale, the director owned 10,816 shares in the company, valued at $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 is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the sale, the director directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.