Chicago Partners Investment Group LLC Takes Position in MasTec, Inc. $MTZ

Key Points

• Chicago Partners Investment Group LLC acquired a new stake in MasTec, Inc. valued at approximately $244,000 during the second quarter, indicating growing institutional interest in the construction company.
• MasTec recently reported Q2 earnings of $1.49 per share, surpassing estimates, with a revenue increase of 19.7% year-over-year, suggesting solid business performance.
• Analysts have mixed ratings on MasTec, with a consensus target price of $220.37, reflecting varying expectations for future growth and stock performance.

Chicago Partners Investment Group LLC acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,336 shares of the construction company's stock, valued at approximately $244,000.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its stake in shares of MasTec by 535.1% during the first 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 period. KBC Group NV increased its stake in shares of MasTec by 10.6% in the first quarter. KBC Group NV now owns 2,773 shares of the construction company's stock worth $324,000 after buying an additional 266 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of MasTec by 33.1% in the first quarter. Voya Investment Management LLC now owns 46,446 shares of the construction company's stock worth $5,421,000 after buying an additional 11,551 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of MasTec by 37.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company's stock worth $1,915,000 after buying an additional 4,469 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of MasTec by 43.6% in the first quarter. GAMMA Investing LLC now owns 915 shares of the construction company's stock worth $107,000 after buying an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

MasTec Price Performance

Shares of MasTec stock opened at $211.61 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The company's 50-day moving average price is $195.70 and its two-hundred day moving average price is $170.62. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $221.83. The stock has a market cap of $16.70 billion, a PE ratio of 62.61 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same period in the previous year, the business earned $0.96 earnings per share. MasTec's revenue for the quarter was up 19.7% compared to the same quarter last year. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MTZ shares. Zacks Research lowered shares of MasTec from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 3rd. Barclays lifted their price objective on shares of MasTec from $200.00 to $240.00 and gave the stock an "overweight" rating in a report on Monday. Baird R W raised shares of MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Guggenheim reaffirmed a "neutral" rating and issued a $215.00 price objective on shares of MasTec in a report on Wednesday, October 15th. Finally, KeyCorp boosted their price target on shares of MasTec from $205.00 to $236.00 and gave the company an "overweight" rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $220.37.

Insiders Place Their Bets

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 101,349 shares in the company, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the sale, the chief operating officer owned 184,249 shares in the company, valued at approximately $36,930,869.56. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock worth $4,803,250. Company 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.

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