26,950 Shares in MasTec, Inc. $MTZ Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 26,950 shares of the construction company’s stock, valued at approximately $11,212,000. MasTec makes up about 2.4% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 18th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC boosted its position in shares of MasTec by 2.8% in the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after buying an additional 28 shares during the period. Aigen Investment Management LP grew its stake in shares of MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after buying an additional 38 shares in the last quarter. Everhart Financial Group Inc. raised its holdings in shares of MasTec by 5.4% during the 2nd quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after buying an additional 45 shares during the period. Motley Fool Asset Management LLC raised its holdings in shares of MasTec by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after buying an additional 47 shares during the period. Finally, Williamson Legacy Group LLC lifted its position in MasTec by 0.9% during the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 52 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group decreased their price target on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Cantor Fitzgerald lifted their price objective on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Truist Financial restated a “buy” rating and issued a $428.00 target price (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. B. Riley Financial restated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Finally, Citigroup lowered their price target on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $427.32.

MasTec Price Performance

MTZ stock opened at $297.79 on Monday. The stock’s 50 day moving average is $345.18 and its two-hundred day moving average is $336.43. MasTec, Inc. has a 52-week low of $167.66 and a 52-week high of $441.43. The company has a market capitalization of $23.92 billion, a PE ratio of 47.50 and a beta of 1.82. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last released its 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 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 analysts’ expectations of $4.30 billion. During the same quarter last year, the company posted $1.49 earnings per share. The business’s quarterly 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. Analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the 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 directly owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 21.40% of the stock is owned by company insiders.

About MasTec

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.