Intech Investment Management LLC decreased its position in shares of MasTec, Inc. (NYSE:MTZ – Free Report) by 59.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 23,298 shares of the construction company’s stock after selling 34,152 shares during the quarter. Intech Investment Management LLC’s holdings in MasTec were worth $2,719,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in MTZ. Bayforest Capital Ltd grew its holdings in shares of MasTec by 294.3% during the first quarter. Bayforest Capital Ltd now owns 6,419 shares of the construction company’s stock worth $749,000 after buying an additional 4,791 shares during the last quarter. United Services Automobile Association purchased a new position in shares of MasTec during the 1st quarter worth approximately $467,000. First Dallas Securities Inc. raised its stake in shares of MasTec by 16.4% during the 1st quarter. First Dallas Securities Inc. now owns 8,850 shares of the construction company’s stock worth $1,033,000 after buying an additional 1,250 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of MasTec by 163.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock worth $121,843,000 after buying an additional 648,184 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of MasTec during the 1st quarter worth approximately $903,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.
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Insider Activity
In related news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the sale, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the completion of the sale, the executive vice president owned 101,349 shares in the company, valued at $18,312,750.81. The trade was a 8.98% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.30% of the company’s stock.
MasTec Trading Up 0.3%
Shares of MTZ opened at $189.74 on Monday. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $194.00. The stock has a fifty day moving average of $179.19 and a two-hundred day moving average of $153.22. The company has a market capitalization of $14.97 billion, a PE ratio of 56.14 and a beta of 1.81. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22.
MasTec (NYSE:MTZ – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. As a group, analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on MTZ shares. Citigroup decreased their price target on MasTec from $220.00 to $219.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. Robert W. Baird raised MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 price target on the stock in a research note on Monday, August 4th. The Goldman Sachs Group boosted their price target on MasTec from $195.00 to $227.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on MasTec from $180.00 to $214.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 22nd. Finally, Baird R W raised MasTec from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $196.22.
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About MasTec
(Free Report)
MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.
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