UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Trims Position in MasTec, Inc. $MTZ

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC decreased its position in shares of MasTec, Inc. (NYSE:MTZ) by 7.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 286,657 shares of the construction company’s stock after selling 21,517 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.36% of MasTec worth $33,456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Forum Financial Management LP lifted its stake in shares of MasTec by 3.9% during the first 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 during the period. Louisiana State Employees Retirement System raised its stake in MasTec by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company’s stock worth $2,007,000 after purchasing an additional 100 shares during the period. Securian Asset Management Inc. raised its stake in MasTec by 2.2% during the first quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company’s stock worth $551,000 after purchasing an additional 100 shares during the period. Nisa Investment Advisors LLC raised its stake in MasTec by 16.3% during the first quarter. Nisa Investment Advisors LLC now owns 743 shares of the construction company’s stock worth $87,000 after purchasing an additional 104 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in MasTec by 3.4% during the first quarter. Avantax Advisory Services Inc. now owns 3,721 shares of the construction company’s stock worth $434,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Stock Up 1.8%

MTZ stock opened at $193.16 on Tuesday. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $194.00. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 57.15 and a beta of 1.81. The firm’s 50-day moving average is $179.62 and its two-hundred day moving average is $153.66. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70.

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 the consensus estimate 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 net margin of 2.04% and a return on equity of 12.71%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MasTec news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 194,249 shares in the company, valued at $33,993,575. The trade was 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 the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec 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 of the company’s stock, valued at $18,312,750.81. This trade represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MTZ. Robert W. Baird raised shares of 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. Truist Financial set a $209.00 target price on shares of MasTec in a research note on Monday, August 4th. Baird R W raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Roth Capital initiated coverage on shares of MasTec in a research note on Tuesday, July 1st. They issued a “buy” rating and a $210.00 target price on the stock. Finally, TD Cowen raised their target price on shares of MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $196.22.

MasTec 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.