Dynamic Technology Lab Private Ltd Takes $903,000 Position in MasTec, Inc. $MTZ

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in MasTec, Inc., purchasing 7,741 shares valued at approximately $903,000.
• MasTec recently reported quarterly earnings of $1.49 per share, exceeding analysts' expectations and showing a 19.7% year-over-year revenue growth.
• Analysts have provided a bullish outlook on MasTec, with Goldman Sachs raising its price target from $195.00 to $227.00, maintaining a "buy" rating.

Dynamic Technology Lab Private Ltd acquired a new position in MasTec, Inc. (NYSE:MTZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,741 shares of the construction company's stock, valued at approximately $903,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Forum Financial Management LP lifted its holdings in MasTec by 3.9% in the first quarter. Forum Financial Management LP now owns 2,097 shares of the construction company's stock worth $245,000 after buying an additional 78 shares during the period. Louisiana State Employees Retirement System lifted its holdings in MasTec by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company's stock worth $2,007,000 after buying an additional 100 shares during the period. Securian Asset Management Inc. lifted its holdings in MasTec by 2.2% in the first quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company's stock worth $551,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC lifted its holdings in MasTec by 16.3% in the first quarter. Nisa Investment Advisors LLC now owns 743 shares of the construction company's stock worth $87,000 after buying an additional 104 shares during the period. Finally, Avantax Advisory Services Inc. lifted its holdings in MasTec by 3.4% in the first quarter. Avantax Advisory Services Inc. now owns 3,721 shares of the construction company's stock worth $434,000 after buying an additional 121 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MasTec news, COO Robert E. Apple sold 10,000 shares of MasTec 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 owned 194,249 shares of the company's stock, valued at approximately $33,993,575. The trade was a 4.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total transaction 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 approximately $18,312,750.81. This trade represents a 8.98% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.30% of the company's stock.

MasTec Stock Performance

NYSE:MTZ traded up $0.56 during trading hours on Friday, reaching $189.74. The company had a trading volume of 742,882 shares, compared to its average volume of 1,032,645. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $194.00. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 56.14 and a beta of 1.81. The firm's 50 day moving average price is $178.83 and its 200-day moving average price is $152.47.

MasTec (NYSE:MTZ - Get Free Report) last posted its 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. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm'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, analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of MasTec from $220.00 to $219.00 and set a "buy" rating for the company in a report on Monday, August 4th. Baird R W upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. JPMorgan Chase & Co. lifted their target price on shares of MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. KeyCorp lifted their target price on shares of MasTec from $196.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Mizuho assumed coverage on shares of MasTec in a report on Thursday, September 4th. They set an "outperform" rating and a $215.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $196.22.

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.