State of New Jersey Common Pension Fund D Has $3.70 Million Holdings in MasTec, Inc. $MTZ

State of New Jersey Common Pension Fund D lessened its position in MasTec, Inc. (NYSE:MTZ) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,692 shares of the construction company’s stock after selling 1,848 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in MasTec were worth $3,697,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MTZ. Forum Financial Management LP grew its position in shares of MasTec by 3.9% in the first quarter. Forum Financial Management LP now owns 2,097 shares of the construction company’s stock valued at $245,000 after purchasing an additional 78 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of MasTec by 37.1% during the 2nd quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock worth $52,000 after purchasing an additional 82 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in MasTec by 4.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company’s stock valued at $338,000 after purchasing an additional 93 shares during the period. Louisiana State Employees Retirement System increased its position in MasTec by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company’s stock worth $2,007,000 after buying an additional 100 shares during the period. Finally, Securian Asset Management Inc. increased its position in MasTec by 2.2% in the 1st quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company’s stock worth $551,000 after buying an additional 100 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MTZ has been the topic of several research analyst reports. Roth Capital raised their price objective on shares of MasTec from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Wall Street Zen downgraded shares of MasTec from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. TD Cowen raised their price target 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. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Barclays increased their target price on shares of MasTec from $200.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.37.

MasTec Stock Down 0.1%

NYSE MTZ opened at $211.73 on Tuesday. MasTec, Inc. has a 1-year low of $99.70 and a 1-year high of $221.83. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 62.64 and a beta of 1.82. The stock’s 50 day moving average is $196.36 and its two-hundred day moving average is $172.04. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the company earned $0.96 EPS. MasTec’s 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. Equities analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In related news, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 101,349 shares in the company, valued at $18,312,750.81. This trade represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated 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 of the company’s stock, valued at $36,930,869.56. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock valued at $4,803,250. 21.30% of the stock is owned by insiders.

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.