Hodges Capital Management Inc. Has $4.61 Million Holdings in MasTec, Inc. $MTZ

Hodges Capital Management Inc. cut its stake in MasTec, Inc. (NYSE:MTZ) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,028 shares of the construction company’s stock after selling 725 shares during the period. Hodges Capital Management Inc.’s holdings in MasTec were worth $4,606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in shares of MasTec by 163.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock valued at $121,843,000 after buying an additional 648,184 shares during the period. Ameriprise Financial Inc. raised its holdings in MasTec by 171.2% in the 1st quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company’s stock valued at $45,607,000 after acquiring an additional 246,666 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of MasTec by 23.6% in the 1st quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock worth $106,234,000 after acquiring an additional 184,277 shares during the period. Nuveen LLC acquired a new stake in shares of MasTec during the 1st quarter worth approximately $21,208,000. Finally, Lord Abbett & CO. LLC grew its holdings in shares of 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 purchasing an additional 134,493 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Up 2.1%

MTZ opened at $200.85 on Monday. The firm’s 50-day simple moving average is $201.22 and its 200-day simple moving average is $178.07. 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, Inc. has a twelve month low of $99.70 and a twelve month high of $224.03. The firm has a market cap of $15.85 billion, a price-to-earnings ratio of 59.42 and a beta of 1.88.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.17. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.90 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm posted $1.63 EPS. MasTec has set its FY 2025 guidance at 6.400-6.400 EPS. Equities research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the transaction, the chief operating officer 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $190.39, for a total value of $571,170.00. Following the sale, the director owned 35,277 shares in the company, valued at $6,716,388.03. The trade was a 7.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,929 shares of company stock valued at $3,394,013 in the last three months. 21.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Roth Capital raised their target price on MasTec from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Barclays boosted their price target on shares of MasTec from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Baird R W raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Citigroup increased their price target on shares of MasTec from $219.00 to $248.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $229.44.

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.