Canada Pension Plan Investment Board Buys 65,101 Shares of MasTec, Inc. $MTZ

Key Points

• The Canada Pension Plan Investment Board increased its stake in MasTec, Inc. by 33.5%, owning about 259,401 shares valued at $30.28 million.
• A majority of the stock, approximately 78.10%, is held by institutional investors, indicating strong confidence in MasTec's performance.
• Wall Street analysts have given MasTec an average rating of "Buy" with a consensus price target of $195.12, reflecting optimism about future growth.

Canada Pension Plan Investment Board boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 33.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,401 shares of the construction company's stock after buying an additional 65,101 shares during the period. Canada Pension Plan Investment Board owned about 0.33% of MasTec worth $30,275,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hill City Capital LP boosted its stake in shares of MasTec by 0.7% in the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company's stock valued at $250,343,000 after purchasing an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MasTec by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company's stock valued at $142,331,000 after purchasing an additional 39,622 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of MasTec by 137.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company's stock valued at $85,451,000 after purchasing an additional 363,502 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of MasTec by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company's stock valued at $65,440,000 after purchasing an additional 4,024 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of MasTec by 6.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 546,424 shares of the construction company's stock valued at $74,390,000 after purchasing an additional 33,332 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Trading Up 1.7%

NYSE:MTZ traded up $3.02 on Thursday, hitting $182.52. 887,749 shares of the stock were exchanged, compared to its average volume of 1,033,319. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 54.00 and a beta of 1.81. MasTec, Inc. has a 52 week low of $96.01 and a 52 week high of $194.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The company's 50-day moving average price is $177.46 and its 200 day moving average price is $150.39.

MasTec (NYSE:MTZ - Get Free Report) last announced 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. The firm 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%.The company's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous 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. On average, equities research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MTZ shares. Robert W. Baird upgraded shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a research note on Monday, August 4th. Citigroup reduced their target price on shares of MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. DA Davidson set a $210.00 price target on MasTec and gave the company a "buy" rating in a report on Monday, August 4th. Mizuho started coverage on MasTec in a report on Thursday. They issued an "outperform" rating and a $215.00 price target for the company. Finally, Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, MasTec currently has a consensus rating of "Buy" and an average target price of $196.22.

Insider Buying and Selling

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the company's 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert E. Apple sold 10,000 shares of the 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 directly 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 disclosure for this sale can be found here. Corporate insiders own 21.30% of the company's stock.

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.