MasTec, Inc. $MTZ Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its position in shares of MasTec, Inc. (NYSE:MTZ) by 12.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,585 shares of the construction company’s stock after selling 5,427 shares during the quarter. Asset Management One Co. Ltd.’s holdings in MasTec were worth $6,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Cookson Peirce & Co. Inc. acquired a new position in shares of MasTec during the second quarter worth about $1,397,000. Cullen Frost Bankers Inc. acquired a new position in shares of MasTec during the second quarter worth about $49,000. Stephens Inc. AR increased its stake in shares of MasTec by 55.9% during the second quarter. Stephens Inc. AR now owns 3,669 shares of the construction company’s stock worth $625,000 after acquiring an additional 1,315 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of MasTec during the second quarter worth about $244,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of MasTec during the second 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, Director C Robert Campbell sold 2,000 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $210.39, for a total value of $420,780.00. Following the sale, the director owned 33,277 shares of the company’s stock, valued at $7,001,148.03. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the company’s 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 completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold 25,000 shares of company stock valued at $4,803,250 over the last quarter. Corporate insiders own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Baird R W upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $214.00 to $235.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. The Goldman Sachs Group boosted their price objective on shares of MasTec from $195.00 to $227.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of MasTec in a report on Wednesday, October 8th. Finally, KeyCorp boosted their price objective on shares of MasTec from $205.00 to $236.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $221.89.

MasTec Stock Up 0.2%

Shares of NYSE MTZ opened at $212.34 on Wednesday. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $221.83. The company has a market capitalization of $16.76 billion, a PE ratio of 62.82 and a beta of 1.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. The firm’s 50-day moving average is $197.11 and its two-hundred day moving average is $172.71.

MasTec (NYSE:MTZ) last announced its quarterly earnings results 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. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The company’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. Equities analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

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.