Tributary Capital Management LLC Has $598,000 Position in MasTec, Inc. $MTZ

Tributary Capital Management LLC reduced its holdings in MasTec, Inc. (NYSE:MTZ) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,510 shares of the construction company’s stock after selling 100 shares during the period. Tributary Capital Management LLC’s holdings in MasTec were worth $598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. acquired a new stake in MasTec in the 2nd quarter valued at $1,397,000. Cullen Frost Bankers Inc. acquired a new position in shares of MasTec during the 2nd quarter worth about $49,000. Stephens Inc. AR increased its stake in shares of MasTec by 55.9% during the 2nd quarter. Stephens Inc. AR now owns 3,669 shares of the construction company’s stock worth $625,000 after purchasing an additional 1,315 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of MasTec during the 2nd quarter worth about $244,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of MasTec during the 2nd quarter worth about $3,784,000. 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 dated 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 completion of the sale, the chief operating officer owned 184,249 shares of the company’s stock, valued at $36,930,869.56. The trade was a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director C Robert Campbell sold 2,000 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $210.39, for a total transaction of $420,780.00. Following the completion of the sale, the director directly owned 33,277 shares of the company’s stock, valued at $7,001,148.03. This represents a 5.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $4,803,250 in the last quarter. Company insiders own 21.30% of the company’s stock.

MasTec Stock Down 5.0%

Shares of MTZ opened at $196.73 on Thursday. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $221.83. The firm has a market cap of $15.52 billion, a P/E ratio of 58.20 and a beta of 1.82. The firm’s 50-day simple moving average is $194.48 and its 200 day simple moving average is $169.22. 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 (NYSE:MTZ) last announced 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. The business 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 quarter in the prior year, the business earned $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. On average, analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MTZ shares. TD Cowen boosted their price objective on shares of MasTec from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. UBS Group boosted their price objective 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. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Guggenheim restated a “neutral” rating and set a $215.00 price objective on shares of MasTec in a research note on Wednesday, October 15th. Finally, Wolfe Research upgraded shares of MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.37.

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.