MasTec, Inc. (NYSE:MTZ) Short Interest Up 31.6% in August

MasTec, Inc. (NYSE:MTZ) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 1,540,000 shares, an increase of 31.6% from the July 31st total of 1,170,000 shares. Based on an average daily volume of 895,800 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 895,800 shares, the days-to-cover ratio is currently 1.7 days.

MasTec Trading Up 8.7%

NYSE MTZ opened at $190.27 on Thursday. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 56.29 and a beta of 1.81. The stock’s 50 day moving average price is $178.48 and its two-hundred day moving average price is $152.03. 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 has a 52 week low of $99.70 and a 52 week high of $194.00.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business 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 anticipate that MasTec will post 3.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

MTZ has been the subject of several research analyst reports. KeyCorp boosted their price objective on MasTec from $196.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Jefferies Financial Group initiated coverage on MasTec in a research report on Friday, May 16th. They issued a “buy” rating and a $188.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on MasTec from $180.00 to $214.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded MasTec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Finally, Barclays reiterated an “overweight” rating and issued a $200.00 price objective (up from $145.00) on shares of MasTec in a research report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $196.22.

Insider Transactions at MasTec

In other news, EVP Cardenas Alberto De sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the completion of the transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total value of $1,750,000.00. Following the transaction, the chief operating officer owned 194,249 shares of the company’s stock, valued at $33,993,575. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC grew its holdings in MasTec by 22.5% in the 2nd quarter. Rothschild Investment LLC now owns 338 shares of the construction company’s stock valued at $58,000 after buying an additional 62 shares in the last quarter. Forum Financial Management LP grew its holdings in MasTec by 3.9% in the 1st quarter. Forum Financial Management LP now owns 2,097 shares of the construction company’s stock valued at $245,000 after buying an additional 78 shares in the last quarter. Parallel Advisors LLC grew its holdings in MasTec by 37.1% in the 2nd quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock valued at $52,000 after buying an additional 82 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in MasTec by 4.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company’s stock valued at $338,000 after buying an additional 93 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in MasTec by 3.7% in the 2nd quarter. ProShare Advisors LLC now owns 2,717 shares of the construction company’s stock valued at $463,000 after buying an additional 97 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Company Profile

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.