Ritholtz Wealth Management Boosts Stock Holdings in MasTec, Inc. $MTZ

Ritholtz Wealth Management raised its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 97.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,238 shares of the construction company’s stock after buying an additional 3,565 shares during the period. Ritholtz Wealth Management’s holdings in MasTec were worth $1,234,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Hill City Capital LP boosted its position in MasTec by 0.7% during the first quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company’s stock valued at $250,343,000 after buying an additional 15,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of MasTec by 3.4% during 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 holdings in shares of 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 during the period. AQR Capital Management LLC boosted its holdings in shares of MasTec by 23.6% during 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 shares of MasTec by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company’s stock worth $65,440,000 after purchasing an additional 4,024 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MasTec

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 101,349 shares of the company’s stock, valued at approximately $18,312,750.81. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $190.39, for a total transaction of $571,170.00. Following the transaction, the director directly owned 35,277 shares of the company’s stock, valued at $6,716,388.03. This represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,000 shares of company stock valued at $4,803,250. Corporate insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

MTZ has been the subject of a number of analyst reports. Barclays reiterated an “overweight” rating and set a $200.00 target price (up from $145.00) on shares of MasTec in a report on Monday, July 21st. Guggenheim reiterated a “neutral” rating and set a $215.00 target price on shares of MasTec in a report on Wednesday. KeyCorp increased their target price on shares of MasTec from $196.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. DA Davidson set a $210.00 target price on shares of MasTec and gave the stock a “buy” rating in a report on Monday, August 4th. Finally, Wolfe Research upgraded shares of MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $216.63.

MasTec Price Performance

MTZ stock opened at $202.01 on Friday. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $221.83. The company has a market cap of $15.94 billion, a P/E ratio of 59.77 and a beta of 1.82. The firm has a 50-day moving average of $193.19 and a 200 day moving average of $167.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) 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 company 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 firm earned $0.96 earnings per share. 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. On average, sell-side analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

About MasTec

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.