MasTec, Inc. $MTZ Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its holdings in MasTec, Inc. (NYSE:MTZ) by 707.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,916 shares of the construction company’s stock after acquiring an additional 6,936 shares during the quarter. AlphaQuest LLC’s holdings in MasTec were worth $1,349,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MTZ. Goldman Sachs Group Inc. boosted its position in MasTec by 163.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock worth $121,843,000 after purchasing an additional 648,184 shares in the last quarter. Ameriprise Financial Inc. raised its position in MasTec by 171.2% in the first quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company’s stock valued at $45,607,000 after purchasing an additional 246,666 shares during the period. AQR Capital Management LLC increased its holdings in 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 purchasing 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 stake in 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 last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTZ has been the subject of several recent analyst reports. Mizuho started coverage on MasTec in a report on Thursday, September 4th. They issued an “outperform” rating and a $215.00 price target for the company. The Goldman Sachs Group boosted their price target on MasTec from $195.00 to $227.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Truist Financial boosted their price objective on MasTec from $209.00 to $248.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Stifel Nicolaus upped their target price on MasTec from $198.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, UBS Group upped their target price on MasTec from $206.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Two 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $220.37.

MasTec Trading Up 3.3%

NYSE MTZ opened at $211.61 on Friday. 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 has a market capitalization of $16.70 billion, a PE ratio of 62.61 and a beta of 1.82. The firm’s fifty day simple moving average is $195.70 and its 200-day simple moving average is $170.62.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping 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 the consensus estimate of $3.40 billion. During the same period in the prior year, the business posted $0.96 earnings per share. MasTec’s revenue for the quarter was up 19.7% compared to the same quarter last year. 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, sell-side analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction on 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 sale, the chief operating officer directly owned 184,249 shares of the company’s stock, 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 can be accessed through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was 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 of the company’s stock, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. 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. Corporate 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.