VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in MasTec, Inc. $MTZ

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 22,200 shares of the construction company’s stock, valued at approximately $3,784,000.

Several other institutional investors have also recently made changes to their positions in the company. Hill City Capital LP increased its stake in shares of MasTec by 0.7% during the first quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company’s stock valued at $250,343,000 after buying an additional 15,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of MasTec by 3.4% during the first 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. increased its stake in shares of MasTec by 163.8% during the first 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 increased its stake in shares of MasTec by 23.6% during the first 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 increased its stake in shares of MasTec by 0.7% during the first 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. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of NYSE MTZ opened at $205.31 on Tuesday. 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 company has a market cap of $16.20 billion, a PE ratio of 60.74 and a beta of 1.82. The business has a 50-day simple moving average of $193.72 and a two-hundred day simple moving average of $168.76. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $221.83.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.08. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $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. As a group, equities analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer owned 184,249 shares of the company’s stock, valued at approximately $36,930,869.56. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owned 101,349 shares of the company’s stock, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $4,803,250. 21.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MTZ has been the topic of several analyst reports. Roth Capital lifted their target price on MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Baird R W upgraded MasTec from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Wolfe Research upgraded MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research note on Wednesday, September 17th. Robert W. Baird upgraded MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a research note on Monday, August 4th. Finally, UBS Group lifted their target price on MasTec from $206.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Two investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $220.37.

MasTec 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.