Mitsubishi UFJ Asset Management Co. Ltd. Makes New $29.40 Million Investment in MasTec, Inc. $MTZ

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 70,661 shares of the construction company’s stock, valued at approximately $29,399,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new stake in shares of MasTec in the 2nd quarter valued at approximately $399,000. Plato Investment Management Ltd bought a new stake in MasTec in the second quarter valued at approximately $273,000. Bell Investment Advisors Inc bought a new stake in MasTec in the second quarter valued at approximately $32,000. Trivium Point Advisory LLC bought a new position in shares of MasTec during the second quarter worth $8,248,000. Finally, Chase Investment Counsel Corp acquired a new position in shares of MasTec in the 2nd quarter valued at $11,212,000. 78.10% of the stock is owned by institutional investors.

MasTec Stock Performance

Shares of MasTec stock opened at $271.03 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The firm has a market cap of $21.77 billion, a price-to-earnings ratio of 43.23 and a beta of 1.81. The stock’s 50-day moving average is $339.52 and its 200-day moving average is $337.46. MasTec, Inc. has a one year low of $171.05 and a one year high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings data 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). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the business posted $1.49 earnings per share. The firm’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. Equities analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Morgan Stanley set a $369.00 target price on MasTec in a research note on Friday, July 31st. The Goldman Sachs Group lowered their price target on MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Roth Capital reaffirmed a “buy” rating and set a $450.00 price target on shares of MasTec in a research report on Monday, May 4th. Finally, Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, MasTec presently has a consensus rating of “Buy” and an average target price 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.