Intech Investment Management LLC Sells 34,152 Shares of MasTec, Inc. $MTZ

Intech Investment Management LLC reduced its holdings in MasTec, Inc. (NYSE:MTZ) by 59.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC boosted its position in shares of MasTec by 2,023.1% during the first quarter. Rothschild Investment LLC now owns 276 shares of the construction company’s stock valued at $32,000 after purchasing an additional 263 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of MasTec during the first quarter valued at approximately $35,000. Harbor Investment Advisory LLC boosted its position in shares of MasTec by 147.1% during the first quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company’s stock valued at $39,000 after purchasing an additional 200 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of MasTec during the fourth quarter valued at approximately $49,000. Finally, Fifth Third Bancorp boosted its holdings in MasTec by 21.8% in the first quarter. Fifth Third Bancorp now owns 704 shares of the construction company’s stock worth $82,000 after acquiring an additional 126 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Up 0.3%

Shares of NYSE MTZ opened at $189.74 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $14.97 billion, a PE ratio of 56.14 and a beta of 1.81. The stock’s fifty day simple moving average is $179.19 and its two-hundred day simple moving average is $153.22. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $194.00.

MasTec (NYSE:MTZ) last issued its quarterly earnings results 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 company had revenue of $3.55 billion during 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 firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous 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 expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of MasTec 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 owned 101,349 shares in the company, valued at approximately $18,312,750.81. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chief operating officer owned 194,249 shares of the company’s stock, valued at approximately $33,993,575. This represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their target price on MasTec from $181.00 to $198.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Barclays reissued an “overweight” rating and issued a $200.00 target price (up from $145.00) on shares of MasTec in a report on Monday, July 21st. TD Cowen boosted their target price on MasTec from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Citigroup decreased their price target on MasTec from $220.00 to $219.00 and set a “buy” rating for the company in a research note on Monday, August 4th. Finally, KeyCorp boosted their price target on MasTec from $196.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Three equities research 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, MasTec has an average rating of “Buy” and an average price target of $196.22.

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.