Asset Management One Co. Ltd. Decreases Stock Holdings in MasTec, Inc. $MTZ

Asset Management One Co. Ltd. reduced its position in shares of MasTec, Inc. (NYSE:MTZ) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,585 shares of the construction company’s stock after selling 5,427 shares during the period. Asset Management One Co. Ltd. owned about 0.05% of MasTec worth $6,746,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MTZ. Goldman Sachs Group Inc. lifted its position 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 worth $121,843,000 after purchasing an additional 648,184 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of MasTec by 171.2% during the 1st quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company’s stock worth $45,607,000 after purchasing an additional 246,666 shares during the last quarter. AQR Capital Management LLC lifted its position 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 worth $106,234,000 after purchasing an additional 184,277 shares during the last quarter. Nuveen LLC purchased a new stake in shares of MasTec during the 1st quarter worth $21,208,000. Finally, Lord Abbett & CO. LLC lifted its position in shares of MasTec by 77.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 307,419 shares of the construction company’s stock worth $35,879,000 after purchasing an additional 134,493 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $200.44, for a total value of $2,004,400.00. Following the transaction, the chief operating officer directly owned 184,249 shares in the company, valued at approximately $36,930,869.56. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec 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 in the company, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is owned by company insiders.

MasTec Trading Up 0.2%

NYSE MTZ opened at $212.34 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The firm has a market cap of $16.76 billion, a PE ratio of 62.82 and a beta of 1.82. MasTec, Inc. has a one year low of $99.70 and a one year high of $221.83. The firm’s fifty day moving average is $197.11 and its two-hundred day moving average is $172.71.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.08. The company had revenue of $3.55 billion for 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%. MasTec’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MTZ has been the subject of several recent analyst reports. Wall Street Zen cut shares of MasTec from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Barclays lifted their price target on shares of MasTec from $200.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. UBS Group lifted their price target on shares of MasTec from $206.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Mizuho lifted their price target on shares of MasTec from $215.00 to $244.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Roth Capital lifted their price target on shares of MasTec from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MasTec currently has a consensus rating of “Moderate Buy” and an average price target of $221.89.

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.