MasTec, Inc. $MTZ Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its holdings in MasTec, Inc. by 3.4% in the first quarter, bringing their total to approximately 1.22 million shares valued at $142.3 million.
• MasTec's stock has received multiple upgrade ratings from analysts, with a consensus rating of "Buy" and an average target price of $195.12.
• The company reported $3.55 billion in revenue for its latest quarter, exceeding analyst expectations, along with a 19.7% increase in revenue year-over-year.

Dimensional Fund Advisors LP grew its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,219,695 shares of the construction company's stock after purchasing an additional 39,622 shares during the period. Dimensional Fund Advisors LP owned about 1.55% of MasTec worth $142,331,000 as of its most recent filing with the Securities & Exchange Commission.

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

MasTec Stock Up 1.8%

MTZ traded up $3.1070 on Friday, hitting $176.7770. The company had a trading volume of 777,672 shares, compared to its average volume of 1,100,845. The stock has a fifty day moving average price of $174.98 and a 200-day moving average price of $148.23. MasTec, Inc. has a 12-month low of $96.01 and a 12-month 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 stock has a market capitalization of $13.95 billion, a price-to-earnings ratio of 52.30 and a beta of 1.83.

MasTec (NYSE:MTZ - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.08. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The firm's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on MTZ shares. Guggenheim restated a "buy" rating and set a $195.00 price target on shares of MasTec in a research note on Monday, May 5th. KeyCorp raised their price target on MasTec from $196.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Barclays restated an "overweight" rating and set a $200.00 price target (up previously from $145.00) on shares of MasTec in a research note on Monday, July 21st. Truist Financial set a $209.00 price target on MasTec in a research note on Monday, August 4th. Finally, The Goldman Sachs Group lifted their target price on MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $195.12.

Insider Activity

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was 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 owned 194,249 shares of the company's stock, valued at approximately $33,993,575. This trade represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value of $1,806,900.00. Following the completion of the sale, the executive vice president directly owned 101,349 shares of the company's stock, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently 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.