Ardsley Advisory Partners LP Purchases 6,000 Shares of MasTec, Inc. $MTZ

Key Points

• Ardsley Advisory Partners LP increased its stake in MasTec, Inc. by 17.6%, owning 40,000 shares valued at approximately $4.67 million as of the latest SEC filing.
• MasTec reported better-than-expected earnings, with $1.49 EPS for the quarter, exceeding analysts' estimates of $1.41, and a revenue increase of 19.7% year-over-year.
• Institutional investors hold about 78.10% of MasTec's stock, reflecting strong investor confidence, with several hedge funds increasing their positions in the company recently.

Ardsley Advisory Partners LP lifted its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 17.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the construction company's stock after acquiring an additional 6,000 shares during the quarter. Ardsley Advisory Partners LP owned approximately 0.05% of MasTec worth $4,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Colonial Trust Co SC lifted its holdings in MasTec by 335.7% during 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 in the last quarter. Rothschild Investment LLC lifted its holdings in MasTec by 2,023.1% during 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 in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in MasTec during the 1st quarter worth $35,000. Harbor Investment Advisory LLC lifted 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 worth $39,000 after buying an additional 200 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in MasTec during the 4th quarter worth $49,000. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Down 2.4%

Shares of MTZ traded down $4.45 during trading hours on Friday, reaching $178.07. The stock had a trading volume of 1,119,821 shares, compared to its average volume of 798,928. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. MasTec, Inc. has a 52 week low of $96.01 and a 52 week high of $194.00. The firm has a 50-day moving average of $177.81 and a 200 day moving average of $151.01. The company has a market cap of $14.05 billion, a P/E ratio of 52.68 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS 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 business 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 firm'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, sell-side analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction on 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 completion of the sale, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. This represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction 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 disclosure for this sale can be found here. 21.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MTZ has been the topic of several research reports. TD Cowen upped their price objective on MasTec from $175.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Citigroup reduced their price objective on MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a report on Monday, August 4th. DA Davidson set a $210.00 price objective on MasTec and gave the stock a "buy" rating in a report on Monday, August 4th. KeyCorp upped their price objective on MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Truist Financial set a $209.00 price target on MasTec in a research note on Monday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, MasTec presently has an average rating of "Buy" and a consensus target price of $196.22.

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.