Jacobs Levy Equity Management Inc. Increases Stock Position in MasTec, Inc. $MTZ

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in MasTec, Inc. by 14.3%, acquiring an additional 55,332 shares, bringing its total holdings to 442,363 shares valued at approximately $51.6 million.
• Analysts have upgraded MasTec's stock, with Robert W. Baird and others issuing price targets between $209.00 and $227.00, reflecting a strong consensus rating of "Buy."
• MasTec reported a 19.7% increase in revenue year-over-year, with Q2 earnings per share of $1.49, exceeding analysts' expectations by $0.08.

Jacobs Levy Equity Management Inc. lifted its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 14.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 442,363 shares of the construction company's stock after buying an additional 55,332 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.56% of MasTec worth $51,628,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MTZ. Colonial Trust Co SC increased its holdings in shares of MasTec by 335.7% in the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock worth $25,000 after buying an additional 141 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after buying an additional 263 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of MasTec in the 1st quarter worth about $35,000. Harbor Investment Advisory LLC grew its holdings in MasTec by 147.1% during the 1st 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 last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in MasTec during the 4th quarter valued at about $49,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Up 8.7%

Shares of MTZ traded up $15.28 during mid-day trading on Wednesday, hitting $190.27. The company's stock had a trading volume of 1,466,189 shares, compared to its average volume of 1,030,402. The company's 50-day moving average is $178.06 and its 200-day moving average is $151.77. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $194.00. The firm has a market capitalization of $15.01 billion, a price-to-earnings ratio of 56.29 and a beta of 1.81. 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 (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results 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. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The company's revenue 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. On average, equities research analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Activity at MasTec

In other news, EVP Cardenas Alberto De sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total transaction 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 $33,993,575. The trade was a 4.90% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MTZ shares. The Goldman Sachs Group upped their price target on shares of MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Robert W. Baird upgraded shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price target on the stock in a report on Monday, August 4th. Jefferies Financial Group began coverage on shares of MasTec in a report on Friday, May 16th. They set a "buy" rating and a $188.00 price target on the stock. Truist Financial set a $209.00 price objective on shares of MasTec in a research report on Monday, August 4th. Finally, Citigroup lowered their price objective on shares of MasTec from $220.00 to $219.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, MasTec has a consensus rating of "Buy" and an average target price of $196.22.

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.