1,259 Shares in MasTec, Inc. $MTZ Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,259 shares of the construction company’s stock, valued at approximately $215,000.

Several other institutional investors also recently modified their holdings of MTZ. Goldman Sachs Group Inc. grew 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 buying an additional 648,184 shares during the period. Ameriprise Financial Inc. grew 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 buying an additional 246,666 shares during the period. AQR Capital Management LLC grew 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 buying an additional 184,277 shares during the period. Nuveen LLC acquired a new position in shares of MasTec during the 1st quarter worth about $21,208,000. Finally, Lord Abbett & CO. LLC grew 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 buying an additional 134,493 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the sale, the chief operating officer owned 184,249 shares in the company, valued at approximately $36,930,869.56. The trade was a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 is available in the SEC filing. In the last quarter, insiders have sold 25,000 shares of company stock worth $4,803,250. Corporate insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

MTZ has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on MasTec from $198.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen lowered MasTec from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Roth Capital boosted their price objective on MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Guggenheim reiterated a “neutral” rating and issued a $215.00 price objective on shares of MasTec in a research report on Wednesday, October 15th. Finally, The Goldman Sachs Group boosted their price objective on MasTec from $195.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $221.89.

MasTec Trading Up 0.2%

NYSE MTZ opened at $212.34 on Wednesday. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 62.82 and a beta of 1.82. The stock’s 50 day moving average price is $197.11 and its two-hundred day moving average price is $172.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $221.83.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.41 by $0.08. The firm 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 business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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, analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

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.