DAVENPORT 13F: New $29M Stake in MasTec (MTZ)

Davenport has established a new position in MasTec, Inc. (NYSE:MTZ), purchasing 135,076 shares of the infrastructure and engineering company. The stake carried an estimated value of $28.6 million as of the filing date.

Inside Davenport's MasTec Trade

The move came to light in a Form 13F filing with the Securities and Exchange Commission on October 14, 2026. Because these regulatory filings look backward, the figures show holdings as of the close of the reporting period and do not necessarily reflect the fund's exact current ownership today.

Other Institutional Activity in MasTec

Major institutional investors were active with MasTec shares during the reporting cycle. Blackrock Inc. grew its holdings by 328,930 shares, ending with 7,638,487 shares worth about $1.46 billion. Peconic Partners, LLC added 99,843 shares to finish with 3,678,431 shares valued at roughly $702.7 million. Vanguard Capital Management LLC lifted its stake by 27,483 shares, bringing its total to 2,831,849 shares worth about $540.9 million. Vanguard Portfolio Management LLC grew its position by 42,104 shares, holding 2,812,131 shares valued at approximately $537.2 million. State Street Corporation increased its holdings by 374,908 shares, ending with 2,244,771 shares worth about $428.8 million.

MasTec, Inc. Stock Down 0.4%

MasTec shares recently traded around $190.88 as of October 16, 2026. The stock sits below its 50-day moving average of $237.13 and below its 200-day moving average of $304.87. The recent price compares to a 52-week high of $441.43 and a 52-week low of $182.34.

Recent Earnings

MasTec reported trailing twelve-month revenue of $16.1 billion alongside trailing earnings of $6.27 per share. The company posted a net profit margin of 3.1% and a return on equity of 16.2%. The firm's next quarterly earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at MasTec, Inc.

Company insiders made several share sales earlier in the year. Director Ernst N Csiszar sold 6,500 shares on March 3, 2026, at an average price of $300.40 for a total value of $1.95 million. Director Javier Alberto Palomarez sold 950 shares on March 25, 2026, at an average price of $325.43, totaling $309,158. Director Charles Robert Campbell disposed of 3,000 shares on May 4, 2026, at an average price of $417.00, valued at $1.25 million. Later, Director Ernst N Csiszar sold another 6,500 shares on June 3, 2026, at an average price of $371.17, totaling $2.41 million.

Analysts Set New Price Targets

Wall Street research firms have updated their outlooks on the stock ahead of the upcoming earnings release. Piper Sandler initiated coverage with an Overweight rating and a $321.00 price target on September 9, 2026, before adjusting the target to $313.00 on September 28, 2026. Truist Securities maintained a Buy rating while lowering its target from $428.00 to $380.00 on October 5, 2026. TD Cowen maintained a Buy rating while trimming its target from $420.00 to $320.00 on October 5, 2026. Stifel kept a Buy rating while moving its target from $376.00 down to $305.00 on October 8, 2026. Analyst consensus points to a Strong Buy recommendation with a mean price target of $386.10 across 20 analyst opinions.

About MasTec

Headquartered in Coral Gables, Florida, MasTec provides engineering, installation, and maintenance services for communications, energy, utility, and infrastructure markets across North America. The company operates across multiple segments ranging from clean energy to pipeline infrastructure, supporting large-scale utility and power networks.

Bottom Line

Investors are keeping a close watch on MasTec as the company approaches its next earnings release on October 29, 2026. Because 13F filings reflect historical ownership positions, further disclosures will show whether Davenport and other institutional funds maintain their stakes in the upcoming quarters. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.