TFR Capital LLC. Buys New Shares in MasTec, Inc. $MTZ

TFR Capital LLC. bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,753 shares of the construction company’s stock, valued at approximately $1,978,000.

Several other large investors also recently bought and sold shares of MTZ. Gables Capital Management Inc. increased its stake in shares of MasTec by 30.3% during the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after buying an additional 4,900 shares during the period. Swedbank AB raised its holdings in MasTec by 5.2% in the fourth quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after acquiring an additional 3,200 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in MasTec by 463.6% in the fourth quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock worth $2,940,000 after acquiring an additional 11,127 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in MasTec by 50.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after acquiring an additional 23,500 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in MasTec by 4,223.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock worth $601,000 after acquiring an additional 2,703 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Trading Up 4.1%

Shares of MasTec stock opened at $297.79 on Friday. 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 company has a fifty day simple moving average of $345.18 and a 200-day simple moving average of $335.79. The stock has a market cap of $23.92 billion, a price-to-earnings ratio of 47.50 and a beta of 1.81. MasTec, Inc. has a 12-month low of $167.66 and a 12-month high of $441.43.

MasTec (NYSE:MTZ) last announced 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). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. MasTec’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, equities analysts forecast that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated 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 in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.40% of the company’s stock.

Analysts Set New Price Targets

MTZ has been the topic of a number of recent analyst reports. CICC Research started coverage on shares of MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective on the stock. Mizuho lowered their target price on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Wall Street Zen lowered MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. 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, Jefferies Financial Group reaffirmed a “buy” rating and set a $493.00 price target on shares of MasTec in a report on Monday, May 4th. One 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.