Chung Wu Investment Group LLC Purchases 2,025 Shares of MasTec, Inc. $MTZ

Key Points

• Chung Wu Investment Group LLC has increased its holdings in MasTec, Inc. by 57.4%, owning 5,555 shares valued at $947,000, making it the firm's 23rd largest position.
• Insider transactions included COO Robert E. Apple selling 10,000 shares for $1.75 million, and significant insider selling totaling 35,000 shares valued at over $6.5 million in the last quarter.
• MasTec's stock price has seen fluctuations, with a 1-year low of $99.70 and a high of $219.09, while analysts have set a consensus target price of $210.37, with many ratings leaning towards a "buy".

Chung Wu Investment Group LLC increased its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 57.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,555 shares of the construction company's stock after purchasing an additional 2,025 shares during the period. MasTec accounts for approximately 1.0% of Chung Wu Investment Group LLC's holdings, making the stock its 23rd largest position. Chung Wu Investment Group LLC's holdings in MasTec were worth $947,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MTZ. Hill City Capital LP grew its stake in MasTec by 0.7% during the first quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company's stock worth $250,343,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MasTec by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company's stock worth $142,331,000 after acquiring an additional 39,622 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of MasTec by 163.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company's stock valued at $121,843,000 after purchasing an additional 648,184 shares in the last quarter. AQR Capital Management LLC increased its position in MasTec by 23.6% during the 1st quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company's stock worth $106,234,000 after purchasing an additional 184,277 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in 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 during the last quarter. 78.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction dated 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. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $190.39, for a total transaction of $571,170.00. Following the sale, the director owned 35,277 shares of the company's stock, valued at approximately $6,716,388.03. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,000 shares of company stock valued at $6,553,250. Insiders own 21.30% of the company's stock.

MasTec Price Performance

Shares of NYSE:MTZ opened at $215.94 on Monday. MasTec, Inc. has a 1-year low of $99.70 and a 1-year high of $219.09. 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 stock has a market cap of $17.04 billion, a PE ratio of 63.89 and a beta of 1.82. The stock's fifty day simple moving average is $188.35 and its two-hundred day simple moving average is $162.03.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating 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 company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the firm earned $0.96 earnings per share. 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. As a group, analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MTZ shares. JPMorgan Chase & Co. increased their price target on MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Barclays reissued an "overweight" rating and set a $200.00 price target (up from $145.00) on shares of MasTec in a research note on Monday, July 21st. DA Davidson set a $210.00 price objective on MasTec and gave the company a "buy" rating in a research note on Monday, August 4th. Roth Capital lifted their target price on shares of MasTec from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Finally, Jefferies Financial Group boosted their target price on shares of MasTec from $218.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $210.37.

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.

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