Ausbil Investment Management Ltd Boosts Stock Position in MasTec, Inc. $MTZ

Key Points

• Ausbil Investment Management Ltd increased its stake in MasTec, Inc. by 23.8% in Q2, now owning 6,496 shares valued at approximately $1.1 million.
• Analysts have a favorable outlook on MasTec, with a majority rating it as a "Buy" and recent target prices ranging from $200 to $227.
• MasTec reported a 19.7% year-over-year revenue increase, posting $3.55 billion in revenue and $1.49 EPS, exceeding expectations.

Ausbil Investment Management Ltd raised its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 23.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,496 shares of the construction company's stock after buying an additional 1,250 shares during the quarter. Ausbil Investment Management Ltd's holdings in MasTec were worth $1,107,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Forum Financial Management LP raised its stake in shares of MasTec by 3.9% during the 1st quarter. Forum Financial Management LP now owns 2,097 shares of the construction company's stock valued at $245,000 after purchasing an additional 78 shares during the period. Parallel Advisors LLC raised its stake in shares of MasTec by 37.1% during the 2nd quarter. Parallel Advisors LLC now owns 303 shares of the construction company's stock valued at $52,000 after purchasing an additional 82 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of MasTec by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company's stock valued at $2,007,000 after purchasing an additional 100 shares during the period. Securian Asset Management Inc. raised its stake in shares of MasTec by 2.2% during the 1st quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company's stock valued at $551,000 after purchasing an additional 100 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of MasTec by 16.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 743 shares of the construction company's stock valued at $87,000 after purchasing an additional 104 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTZ has been the topic of a number of analyst reports. Citigroup decreased their price objective on MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Wolfe Research upgraded MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 target price for the company in a research report on Wednesday, September 17th. Barclays restated an "overweight" rating and set a $200.00 target price (up from $145.00) on shares of MasTec in a research report on Monday, July 21st. Mizuho initiated coverage on MasTec in a research report on Thursday, September 4th. They set an "outperform" rating and a $215.00 target price for the company. Finally, Baird R W upgraded MasTec from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating and eighteen have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $199.95.

MasTec Trading Up 1.9%

Shares of MTZ stock opened at $208.36 on Friday. The stock has a market capitalization of $16.44 billion, a PE ratio of 61.65 and a beta of 1.81. MasTec, Inc. has a 1-year low of $99.70 and a 1-year high of $209.12. The business has a 50-day moving average of $184.96 and a 200 day moving average of $158.59. 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 - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.08. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.MasTec's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. 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, sell-side analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the completion of the sale, the chief operating officer directly owned 184,249 shares in the company, valued at $36,930,869.56. This represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total value of $1,806,900.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,000 shares of company stock worth $6,132,470 in the last ninety days. 21.30% of the stock is owned by company insiders.

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.

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