MasTec, Inc. $MTZ Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in MasTec, Inc. (NYSE:MTZ) by 35.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,593 shares of the construction company’s stock after purchasing an additional 678 shares during the quarter. QRG Capital Management Inc.’s holdings in MasTec were worth $442,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of MasTec during the second quarter worth about $35,000. J. Safra Sarasin Holding AG increased its stake in shares of MasTec by 76.7% during the second quarter. J. Safra Sarasin Holding AG now owns 40,545 shares of the construction company’s stock worth $6,910,000 after acquiring an additional 17,595 shares during the period. Lecap Asset Management Ltd. increased its stake in shares of MasTec by 76.4% during the second quarter. Lecap Asset Management Ltd. now owns 11,314 shares of the construction company’s stock worth $1,928,000 after acquiring an additional 4,900 shares during the period. Forza Wealth Management LLC acquired a new position in shares of MasTec during the second quarter worth about $246,000. Finally, Truist Financial Corp acquired a new position in shares of MasTec during the second quarter worth about $420,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Stock Performance

Shares of MTZ opened at $195.37 on Friday. 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 capitalization of $15.42 billion, a price-to-earnings ratio of 57.80 and a beta of 1.82. The company’s 50 day simple moving average is $190.87 and its 200 day simple moving average is $164.41. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $221.83.

MasTec (NYSE:MTZ) last announced 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. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, sell-side analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MTZ. KeyCorp upped their target price on shares of MasTec from $196.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. DA Davidson set a $210.00 target price on shares of MasTec and gave the stock a “buy” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. upped their target price on shares of MasTec from $180.00 to $214.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. TD Cowen upped their target price on shares of MasTec from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MasTec presently has a consensus rating of “Buy” and a consensus price target of $214.47.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The shares were 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 of the company’s stock, valued at approximately $33,993,575. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $190.39, for a total transaction of $571,170.00. Following the transaction, the director directly owned 35,277 shares in the company, valued at $6,716,388.03. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,000 shares of company stock valued at $6,553,250. Company insiders own 21.30% of the company’s stock.

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.