Nuveen LLC Invests $21.21 Million in MasTec, Inc. $MTZ

Key Points

• Nuveen LLC has invested approximately $21.21 million in MasTec, acquiring 181,717 shares and owning about 0.23% of the company as of its latest SEC filing.
• MasTec's stock has shown robust performance with a 19.7% year-over-year revenue increase, and it reported earnings of $1.49 per share, surpassing expectations.
• Multiple analysts have issued positive ratings for MasTec, with target prices ranging from $195 to $227, reflecting a consensus buy rating for the stock.

Nuveen LLC bought a new position in MasTec, Inc. (NYSE:MTZ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 181,717 shares of the construction company's stock, valued at approximately $21,208,000. Nuveen LLC owned approximately 0.23% of MasTec at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MTZ. Colonial Trust Co SC raised its stake in shares of MasTec by 335.7% in the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 141 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of MasTec by 2,023.1% in the first quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after purchasing an additional 263 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of MasTec in the first quarter worth $35,000. Harbor Investment Advisory LLC raised its stake 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 worth $39,000 after purchasing an additional 200 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of MasTec in the fourth quarter worth $49,000. 78.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MTZ shares. Barclays restated an "overweight" rating and issued a $200.00 price target (up previously from $145.00) on shares of MasTec in a research note on Monday, July 21st. Truist Financial set a $209.00 price target on MasTec in a research note on Monday, August 4th. TD Cowen boosted their price target on MasTec from $175.00 to $195.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Citigroup reduced their price objective on MasTec from $220.00 to $219.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Finally, DA Davidson set a $210.00 price objective on MasTec and gave the company a "buy" rating in a research report on Monday, August 4th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $195.12.

MasTec Stock Performance

MTZ traded up $3.1070 during midday trading on Friday, reaching $176.7770. The company had a trading volume of 777,672 shares, compared to its average volume of 1,100,845. 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 business has a 50-day moving average of $174.98 and a two-hundred day moving average of $148.15. The company has a market cap of $13.95 billion, a P/E ratio of 52.30 and a beta of 1.83. MasTec, Inc. has a 1 year low of $96.01 and a 1 year high of $194.00.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. The business had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. 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, equities research analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction dated 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 owned 194,249 shares in the company, valued at $33,993,575. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the company's stock in a transaction dated 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 approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company's stock.

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.