Boston Partners Grows Stock Position in MasTec, Inc. $MTZ

Key Points

• Boston Partners raised its holdings in MasTec, Inc. by 10.8% in Q1, owning 15,116 shares worth approximately $1.76 million as of the latest SEC filing.
• MasTec reported $1.49 earnings per share for the last quarter, exceeding estimates and showing a revenue increase of 19.7% year-over-year, bringing total revenue to $3.55 billion.
• Analysts have a consensus rating of "Buy" for MasTec, with an average price target of $195.12, reflecting positive sentiment towards the company's growth potential.

Boston Partners boosted its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 10.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,116 shares of the construction company's stock after acquiring an additional 1,471 shares during the quarter. Boston Partners' holdings in MasTec were worth $1,764,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MTZ. Colonial Trust Co SC increased its stake in MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock worth $25,000 after acquiring an additional 141 shares during the last quarter. Rothschild Investment LLC grew its stake 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 last quarter. Smallwood Wealth Investment Management LLC bought a new position in shares of MasTec during the first quarter valued at approximately $35,000. Harbor Investment Advisory LLC grew its stake in shares of MasTec by 147.1% during the first quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after buying an additional 200 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of MasTec during the fourth quarter valued at approximately $49,000. 78.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MTZ. Piper Sandler upped their target price on MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. The Goldman Sachs Group upped their target price on MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Jefferies Financial Group began coverage on MasTec in a research note on Friday, May 16th. They set a "buy" rating and a $188.00 target price on the stock. Citigroup cut their target price on MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Finally, Guggenheim reaffirmed a "buy" rating and set a $195.00 target price on shares of MasTec in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, MasTec currently has a consensus rating of "Buy" and a consensus target price of $195.12.

MasTec Trading Up 3.6%

NYSE:MTZ traded up $6.2450 during midday trading on Friday, hitting $179.9150. The stock had a trading volume of 197,718 shares, compared to its average volume of 1,039,393. MasTec, Inc. has a one year low of $96.01 and a one year high of $194.00. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 53.22 and a beta of 1.83. The stock has a 50-day moving average of $174.68 and a 200 day moving average of $147.90. 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 (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The company had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. MasTec'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. As a group, sell-side analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Cardenas Alberto De sold 10,000 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president owned 101,349 shares of the company's stock, valued at $18,312,750.81. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was 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 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 owned by corporate insiders.

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.