Mariner Investment Group LLC Invests $852,000 in MasTec, Inc. $MTZ

Key Points

• Mariner Investment Group LLC has invested approximately $852,000 in MasTec, Inc., acquiring 5,000 shares, which now constitutes 0.3% of its portfolio.
• Several institutional investors have significantly increased their stakes in MasTec, with Rothschild Investment LLC raising its position by 2,023.1% in the first quarter.
• Analysts have set a consensus price target of $199.95 for MasTec, with some firms upgrading their ratings to "strong-buy."

Mariner Investment Group LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,000 shares of the construction company's stock, valued at approximately $852,000. MasTec accounts for 0.3% of Mariner Investment Group LLC's portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rothschild Investment LLC lifted its stake in shares of MasTec by 2,023.1% during the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after buying an additional 263 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of MasTec by 228.6% during the second quarter. Farther Finance Advisors LLC now owns 276 shares of the construction company's stock worth $47,000 after acquiring an additional 192 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of MasTec during the first quarter worth $35,000. Parallel Advisors LLC boosted its holdings in shares of MasTec by 37.1% in the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company's stock worth $52,000 after acquiring an additional 82 shares during the period. Finally, Harbor Investment Advisory LLC grew its position 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 in the last quarter. Institutional investors own 78.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MTZ. Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. DA Davidson set a $210.00 price target on shares of MasTec and gave the stock a "buy" rating in a report on Monday, August 4th. Wall Street Zen raised shares of MasTec from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 21st. Truist Financial set a $209.00 target price on shares of MasTec in a report on Monday, August 4th. Finally, KeyCorp raised their price target on shares of MasTec from $196.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $199.95.

MasTec Price Performance

MTZ stock opened at $208.36 on Friday. The firm has a 50 day simple moving average of $184.96 and a two-hundred day simple moving average of $158.31. The stock has a market cap of $16.44 billion, a PE ratio of 61.65 and a beta of 1.81. MasTec, Inc. has a one year low of $99.70 and a one year high of $209.12. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating 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 quarter last year, the company posted $0.96 EPS. 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. On average, analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $190.39, for a total transaction of $571,170.00. Following the transaction, the director directly owned 35,277 shares in the company, valued at approximately $6,716,388.03. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,000 shares of company stock worth $6,132,470. 21.30% of the stock is currently owned by corporate insiders.

MasTec Company 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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