Goodlander Investment Management LLC Raises Holdings in MasTec, Inc. $MTZ

Key Points

• Goodlander Investment Management LLC increased its stake in MasTec, Inc. by 14.8%, making it the fund's largest position with a total holding of $22,774,000.
• Several brokerages have raised their price targets for MasTec, with Goldman Sachs increasing theirs to $227.00, indicating a positive outlook for the company's stock.
• MasTec recently reported $1.49 earnings per share, surpassing expectations and reflecting a 19.7% year-over-year revenue growth.

Goodlander Investment Management LLC boosted its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 14.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,135 shares of the construction company's stock after acquiring an additional 25,135 shares during the quarter. MasTec comprises about 19.4% of Goodlander Investment Management LLC's investment portfolio, making the stock its biggest position. Goodlander Investment Management LLC owned 0.25% of MasTec worth $22,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Colonial Trust Co SC boosted its position in shares of MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 141 shares during the period. Rothschild Investment LLC boosted its position 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 approximately $35,000. Harbor Investment Advisory LLC boosted its holdings in shares of MasTec by 147.1% in the first quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after purchasing an additional 200 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of MasTec in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 78.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MTZ. KeyCorp boosted their price target on MasTec from $196.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, August 4th. The Goldman Sachs Group boosted their price target on MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Piper Sandler boosted their price target on MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, May 5th. TD Cowen boosted their price target on MasTec from $175.00 to $195.00 and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded MasTec from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. 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 company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $195.12.

Insider Activity

In other news, 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 transaction of $1,806,900.00. Following the sale, the executive vice president directly owned 101,349 shares in the company, valued at $18,312,750.81. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the firm'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 sale, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. This trade represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

MasTec Stock Performance

Shares of MTZ stock opened at $181.89 on Friday. The business's fifty day simple moving average is $176.73 and its 200-day simple moving average is $149.49. The company has a market cap of $14.35 billion, a PE ratio of 53.81 and a beta of 1.83. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. MasTec, Inc. has a 12-month low of $96.01 and a 12-month high of $194.00.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The business's quarterly 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. Analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

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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