Voya Investment Management LLC Buys 11,551 Shares of MasTec, Inc. $MTZ

Voya Investment Management LLC boosted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 33.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,446 shares of the construction company’s stock after purchasing an additional 11,551 shares during the quarter. Voya Investment Management LLC owned about 0.06% of MasTec worth $5,421,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MTZ. Rothschild Investment LLC raised its stake in shares of MasTec by 2,023.1% in 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 position in MasTec in the first quarter valued at about $35,000. Harbor Investment Advisory LLC boosted its holdings in MasTec by 147.1% in the first 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 during the last quarter. Fourth Dimension Wealth LLC bought a new position in MasTec during the fourth quarter worth about $49,000. Finally, Fifth Third Bancorp lifted its holdings in shares of 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 purchasing an additional 126 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

MasTec Price Performance

MasTec stock opened at $199.34 on Friday. The firm has a market capitalization of $15.73 billion, a P/E ratio of 58.98 and a beta of 1.81. MasTec, Inc. has a one year low of $99.70 and a one year high of $201.64. The business has a fifty day moving average price of $181.18 and a 200-day moving average price of $154.69. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. 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, equities research analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Activity at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the transaction, the chief operating officer owned 194,249 shares in the company, valued at approximately $33,993,575. This represents a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value 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. Insiders have sold a total of 23,000 shares of company stock worth $4,128,070 in the last 90 days. Company insiders own 21.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MTZ shares. Wall Street Zen lowered MasTec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Mizuho began coverage on MasTec in a research report on Thursday, September 4th. They set an “outperform” rating and a $215.00 target price for the company. Truist Financial set a $209.00 price target on MasTec in a report on Monday, August 4th. TD Cowen upped 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. Finally, The Goldman Sachs Group increased their price target on MasTec from $195.00 to $227.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the stock. Based on data from MarketBeat, MasTec presently has an average rating of “Buy” and a consensus price target of $197.84.

About MasTec

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.