MasTec, Inc. $MTZ Holdings Boosted by Stephens Inc. AR

Stephens Inc. AR boosted its position in shares of MasTec, Inc. (NYSE:MTZ) by 55.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,669 shares of the construction company’s stock after purchasing an additional 1,315 shares during the period. Stephens Inc. AR’s holdings in MasTec were worth $625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hill City Capital LP grew its position in MasTec by 0.7% during the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company’s stock worth $250,343,000 after purchasing an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MasTec by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company’s stock valued at $142,331,000 after buying an additional 39,622 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of MasTec by 163.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock valued at $121,843,000 after buying an additional 648,184 shares during the period. AQR Capital Management LLC boosted its stake in shares of MasTec by 23.6% during the 1st quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock valued at $106,234,000 after buying an additional 184,277 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of MasTec by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company’s stock valued at $65,440,000 after buying an additional 4,024 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Robert W. Baird raised shares of MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 target price for the company in a research note on Monday, August 4th. KeyCorp lifted their target price on shares of MasTec from $205.00 to $236.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. lifted their target price on shares of MasTec from $214.00 to $235.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Stifel Nicolaus lifted their target price on shares of MasTec from $198.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, UBS Group lifted their price objective on shares of MasTec from $206.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $220.37.

MasTec Stock Up 3.3%

MasTec stock opened at $211.61 on Friday. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of 62.61 and a beta of 1.82. 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, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $221.83. The firm has a fifty day moving average price of $195.70 and a two-hundred day moving average price of $171.06.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insiders Place Their Bets

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 101,349 shares of the company’s stock, valued at $18,312,750.81. The trade was a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the transaction, the chief operating officer directly owned 184,249 shares of the company’s stock, valued at approximately $36,930,869.56. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,803,250 in the last quarter. Insiders own 21.30% of the company’s stock.

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.