Allspring Global Investments Holdings LLC Grows Position in MasTec, Inc. $MTZ

Allspring Global Investments Holdings LLC raised its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 21.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,809 shares of the construction company’s stock after purchasing an additional 5,952 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in MasTec were worth $5,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTZ. Brighton Jones LLC bought a new stake in shares of MasTec during the fourth quarter valued at about $227,000. GAMMA Investing LLC increased its position in shares of MasTec by 43.6% during the first quarter. GAMMA Investing LLC now owns 915 shares of the construction company’s stock valued at $107,000 after buying an additional 278 shares during the period. State of Alaska Department of Revenue increased its position in shares of MasTec by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 7,213 shares of the construction company’s stock valued at $841,000 after buying an additional 190 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of MasTec by 37.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company’s stock valued at $1,915,000 after buying an additional 4,469 shares during the period. Finally, Ausbil Investment Management Ltd increased its position in shares of MasTec by 27.2% during the first quarter. Ausbil Investment Management Ltd now owns 5,246 shares of the construction company’s stock valued at $612,000 after buying an additional 1,123 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were 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 in the company, valued at $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 is available at this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $4,803,250 over the last ninety days. Insiders own 21.30% of the company’s stock.

MasTec Stock Down 0.7%

MTZ stock opened at $202.01 on Monday. MasTec, Inc. has a 1-year low of $99.70 and a 1-year high of $221.83. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $193.19 and its 200 day moving average is $168.06. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 59.77 and a beta of 1.82.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the business earned $0.96 earnings per share. The business’s quarterly revenue was up 19.7% on a year-over-year basis. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Sell-side analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MTZ shares. Truist Financial upped their price target on MasTec from $209.00 to $248.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Jefferies Financial Group upped their price target on MasTec from $218.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Baird R W upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 4th. TD Cowen upped their price objective 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, Stifel Nicolaus upped their price objective on shares of MasTec from $198.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and an average target price of $216.63.

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.