Strs Ohio Invests $1.08 Million in MasTec, Inc. $MTZ

Strs Ohio bought a new position in MasTec, Inc. (NYSE:MTZ) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,274 shares of the construction company’s stock, valued at approximately $1,082,000.

Several other hedge funds also recently made changes to their positions in MTZ. Rothschild Investment LLC grew its position in shares of MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company’s stock worth $32,000 after acquiring an additional 263 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in MasTec during the 1st quarter valued at $35,000. Harbor Investment Advisory LLC raised its stake in MasTec by 147.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company’s stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in MasTec during the 4th quarter valued at $49,000. Finally, Fifth Third Bancorp raised its stake in MasTec by 21.8% during the 1st quarter. Fifth Third Bancorp now owns 704 shares of the construction company’s stock valued at $82,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of NYSE MTZ opened at $199.34 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 58.98 and a beta of 1.81. The stock’s fifty day simple moving average is $181.18 and its 200 day simple moving average is $154.69. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $201.64.

MasTec (NYSE:MTZ) last issued its earnings results 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 business 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 company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period 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, sell-side analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTZ has been the topic of several recent analyst reports. Roth Capital initiated coverage on MasTec in a research note on Tuesday, July 1st. They set a “buy” rating and a $210.00 target price on the stock. Citigroup cut their target price on MasTec from $220.00 to $219.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. DA Davidson set a $210.00 target price on MasTec and gave the company a “buy” rating in a research note on Monday, August 4th. TD Cowen lifted their target price on MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Finally, Wolfe Research upgraded MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company’s stock. Based on data from MarketBeat, MasTec currently has a consensus rating of “Buy” and a consensus price target of $197.84.

Insider Buying and Selling

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $190.39, for a total value of $571,170.00. Following the transaction, the director directly owned 35,277 shares in the company, valued at $6,716,388.03. The trade was a 7.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction on 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 completion of the transaction, the chief operating officer 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 disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock worth $4,128,070 in the last three months. 21.30% of the stock is currently owned by insiders.

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.