DMC Group LLC Sells 622 Shares of MasTec, Inc. $MTZ

DMC Group LLC lessened its stake in shares of MasTec, Inc. (NYSE:MTZ) by 30.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,402 shares of the construction company’s stock after selling 622 shares during the period. DMC Group LLC’s holdings in MasTec were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Hill City Capital LP grew its stake in shares of MasTec by 0.7% during the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company’s stock valued at $250,343,000 after acquiring an additional 15,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of MasTec by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company’s stock worth $142,331,000 after purchasing an additional 39,622 shares during the period. Goldman Sachs Group Inc. boosted its position 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 worth $121,843,000 after purchasing an additional 648,184 shares during the period. AQR Capital Management LLC boosted its position in shares of MasTec by 23.6% in the first 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. Finally, Bank of New York Mellon Corp boosted its holdings in MasTec by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company’s stock worth $65,440,000 after buying an additional 4,024 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and issued a $200.00 target price (up previously from $145.00) on shares of MasTec in a report on Monday, July 21st. Roth Capital upped their price objective on 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 MasTec from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 29th. Mizuho started coverage on MasTec in a research note on Thursday, September 4th. They issued an “outperform” rating and a $215.00 price target for the company. Finally, Baird R W upgraded MasTec from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $210.37.

Insider Activity at MasTec

In other news, EVP Cardenas Alberto De sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value of $1,806,900.00. Following the completion of the sale, the executive vice president directly owned 101,349 shares of the company’s stock, valued at $18,312,750.81. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total value of $1,750,000.00. Following the completion of the sale, the chief operating officer directly owned 194,249 shares of the company’s stock, valued at $33,993,575. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,000 shares of company stock valued at $6,553,250. Insiders own 21.30% of the company’s stock.

MasTec Stock Down 1.7%

NYSE MTZ opened at $213.20 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The company has a market capitalization of $16.82 billion, a P/E ratio of 63.08 and a beta of 1.82. MasTec, Inc. has a one year low of $99.70 and a one year high of $221.83. The stock has a 50 day moving average price of $189.44 and a 200-day moving average price of $163.03.

MasTec (NYSE:MTZ) last posted its 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. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the company earned $0.96 EPS. The company’s quarterly revenue 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, equities analysts predict 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.