Tributary Capital Management LLC Sells 100 Shares of MasTec, Inc. $MTZ

Tributary Capital Management LLC decreased its stake in MasTec, Inc. (NYSE:MTZ) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,510 shares of the construction company’s stock after selling 100 shares during the period. Tributary Capital Management LLC’s holdings in MasTec were worth $598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in MasTec by 535.1% in the 1st quarter. LPL Financial LLC now owns 130,314 shares of the construction company’s stock valued at $15,209,000 after purchasing an additional 109,794 shares during the last quarter. KBC Group NV lifted its stake in MasTec by 10.6% in the 1st quarter. KBC Group NV now owns 2,773 shares of the construction company’s stock valued at $324,000 after purchasing an additional 266 shares during the last quarter. Voya Investment Management LLC lifted its stake in MasTec by 33.1% in the 1st quarter. Voya Investment Management LLC now owns 46,446 shares of the construction company’s stock valued at $5,421,000 after purchasing an additional 11,551 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in MasTec by 37.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company’s stock valued at $1,915,000 after purchasing an additional 4,469 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in MasTec by 43.6% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the construction company’s stock valued at $107,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MasTec in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of MasTec from a “strong-buy” rating to a “buy” rating in a research note on Sunday. KeyCorp raised their price target on shares of MasTec from $205.00 to $236.00 and gave the company an “overweight” rating in a research note on Monday. Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, TD Cowen raised their price target on shares of MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.37.

Insiders Place Their Bets

In other news, EVP Cardenas Alberto De sold 10,000 shares of MasTec 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 transaction, the executive vice president directly owned 101,349 shares in the company, valued at $18,312,750.81. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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. Over the last ninety days, insiders sold 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is currently owned by company insiders.

MasTec Trading Down 5.0%

MTZ opened at $196.73 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The stock has a market cap of $15.52 billion, a PE ratio of 58.20 and a beta of 1.82. The company has a fifty day moving average of $194.48 and a 200-day moving average of $169.22. MasTec, Inc. has a twelve month low of $99.70 and a twelve month high of $221.83.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. 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 predict that MasTec, Inc. will post 3.44 EPS for the current 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.