Public Employees Retirement System of Ohio Invests $12.42 Million in MasTec, Inc. $MTZ

Public Employees Retirement System of Ohio bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, Holdings Channel.com reports. The fund bought 29,862 shares of the construction company’s stock, valued at approximately $12,424,000.

A number of other institutional investors have also bought and sold shares of MTZ. Brighton Jones LLC bought a new stake in MasTec during the fourth quarter valued at $227,000. NewEdge Advisors LLC raised its position in shares of MasTec by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after acquiring an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of MasTec in the 2nd quarter valued at about $271,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of MasTec by 793.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after purchasing an additional 912 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Trading Up 0.0%

MTZ opened at $241.08 on Monday. MasTec, Inc. has a fifty-two week low of $171.05 and a fifty-two week high of $441.43. The firm has a market capitalization of $19.36 billion, a PE ratio of 38.45 and a beta of 1.82. 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 company’s 50-day moving average is $324.93 and its 200 day moving average is $337.57.

MasTec (NYSE:MTZ) last released its quarterly 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 analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. MasTec’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, research analysts predict that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 21.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MTZ shares. CICC Research started coverage on MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price for the company. UBS Group lowered their price objective on shares of MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Roth Capital reissued a “buy” rating and set a $450.00 target price on shares of MasTec in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen cut shares of MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Nineteen investment analysts have rated the stock with a Buy rating and two 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 $427.32.

MasTec Company 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.