MasTec, Inc. $MTZ Shares Bought by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. increased its stake in MasTec, Inc. by 10.3%, bringing its total holdings to 27,753 shares worth approximately $3.24 million.
• During the last quarter, several institutional investors also adjusted their positions, with MasTec currently having 78.10% of its stock owned by these investors.
• MasTec reported a quarterly earnings per share (EPS) of $1.49, exceeding analysts' expectations and marking a 19.7% increase in revenue year-over-year.

Hodges Capital Management Inc. grew its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 10.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,753 shares of the construction company's stock after acquiring an additional 2,594 shares during the quarter. Hodges Capital Management Inc.'s holdings in MasTec were worth $3,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in MasTec during the first quarter worth about $1,082,000. Geneos Wealth Management Inc. increased its stake in MasTec by 15.8% during the first quarter. Geneos Wealth Management Inc. now owns 764 shares of the construction company's stock worth $89,000 after acquiring an additional 104 shares during the last quarter. Belpointe Asset Management LLC increased its stake in MasTec by 42.7% during the first quarter. Belpointe Asset Management LLC now owns 3,252 shares of the construction company's stock worth $380,000 after acquiring an additional 973 shares during the last quarter. Bayforest Capital Ltd increased its stake in MasTec by 294.3% during the first quarter. Bayforest Capital Ltd now owns 6,419 shares of the construction company's stock worth $749,000 after acquiring an additional 4,791 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in MasTec during the first quarter worth about $467,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Price Performance

Shares of NYSE MTZ opened at $189.27 on Friday. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $194.00. The business has a 50 day moving average price of $178.83 and a two-hundred day moving average price of $152.47. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The firm has a market cap of $14.94 billion, a PE ratio of 56.00 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating 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 firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm earned $0.96 EPS. MasTec'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. Sell-side analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the 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 transaction, the chief operating officer owned 194,249 shares of the company's stock, valued at $33,993,575. This trade represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction that occurred on 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 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 position. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MTZ shares. Barclays restated an "overweight" rating and set a $200.00 price target (up from $145.00) on shares of MasTec in a research note on Monday, July 21st. Mizuho initiated coverage on MasTec in a research note on Thursday, September 4th. They issued an "outperform" rating and a $215.00 target price for the company. Baird R W upgraded MasTec from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. DA Davidson set a $210.00 target price on MasTec and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, Citigroup lowered their target price on MasTec from $220.00 to $219.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average 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.

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