AQR Capital Management LLC Buys 184,277 Shares of MasTec, Inc. $MTZ

Key Points

• AQR Capital Management LLC has increased its stake in MasTec, Inc. by 23.6%, owning approximately 1.22% of the company, valued at $106.2 million as per its latest SEC filing.
• Several institutional investors, including Ameriprise Financial Inc. and Dimensional Fund Advisors LP, are also increasing their positions in MasTec, indicating strong institutional interest in the stock.
• MasTec received upgraded ratings from multiple analysts, with target prices reaching as high as $214.00 and a consensus rating of "Buy," reflecting optimism about its future performance.

AQR Capital Management LLC grew its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 963,749 shares of the construction company's stock after acquiring an additional 184,277 shares during the quarter. AQR Capital Management LLC owned about 1.22% of MasTec worth $106,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTZ. Colonial Trust Co SC increased its holdings in shares of MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after acquiring an additional 141 shares in the last quarter. Rothschild Investment LLC grew its holdings in MasTec by 2,023.1% during the first quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after buying an additional 263 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in MasTec during the first quarter worth $35,000. Harbor Investment Advisory LLC grew its holdings in MasTec by 147.1% during the first quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock worth $39,000 after buying an additional 200 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in MasTec during the fourth quarter worth $49,000. Institutional investors own 78.10% of the company's stock.

MasTec Stock Performance

MTZ stock traded down $1.85 during midday trading on Tuesday, hitting $174.90. The company's stock had a trading volume of 587,445 shares, compared to its average volume of 1,029,580. The stock's 50-day moving average price is $177.93 and its 200 day moving average price is $151.61. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $194.00. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 51.75 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The business'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, equities analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Cardenas Alberto De sold 10,000 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 101,349 shares of the company's stock, valued at $18,312,750.81. This represents a 8.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction 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 transaction, the chief operating officer directly owned 194,249 shares in the company, valued at $33,993,575. This represents a 4.90% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MTZ has been the subject of several recent research reports. Roth Capital initiated coverage on MasTec in a report on Tuesday, July 1st. They set a "buy" rating and a $210.00 price target for the company. TD Cowen upped their price target on MasTec from $175.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, August 4th. The Goldman Sachs Group upped their price target on MasTec from $195.00 to $227.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Stifel Nicolaus upped their price target on MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, Baird R W upgraded MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $196.22.

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.