PDT Partners LLC Makes New Investment in MasTec, Inc. $MTZ

Key Points

• PDT Partners LLC has purchased 8,635 shares of MasTec, Inc., valued at approximately $1,008,000, during the first quarter.
• MasTec reported a 19.7% increase in quarterly revenue year-over-year, reaching $3.55 billion, with an EPS of $1.49, exceeding analysts' expectations.
• Various hedge funds have shown increased interest in MasTec, with LPL Financial LLC boosting its holdings by a remarkable 535.1% in the same quarter.

PDT Partners LLC bought a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 8,635 shares of the construction company's stock, valued at approximately $1,008,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTZ. Colonial Trust Co SC grew its position in MasTec by 335.7% in the 4th 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 lifted its holdings 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 worth $32,000 after acquiring an additional 263 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in shares of MasTec during the 1st quarter worth about $35,000. Harbor Investment Advisory LLC lifted its holdings in shares of 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 acquiring an additional 200 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in shares of MasTec during the 4th quarter worth about $49,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MTZ shares. The Goldman Sachs Group lifted their price target on shares of MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Robert W. Baird raised shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price target for the company in a report on Monday, August 4th. Truist Financial set a $209.00 target price on shares of MasTec in a research note on Monday, August 4th. Jefferies Financial Group began coverage on shares of MasTec in a research note on Friday, May 16th. They issued a "buy" rating and a $188.00 target price for the company. Finally, TD Cowen boosted their target price on shares of MasTec from $175.00 to $195.00 and gave the stock a "buy" rating 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 issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $196.22.

MasTec Trading Down 0.8%

NYSE MTZ traded down $1.42 during trading on Tuesday, reaching $175.33. 146,257 shares of the stock traded hands, compared to its average volume of 1,026,862. 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 fifty-two week low of $99.70 and a fifty-two week high of $194.00. The stock's 50-day moving average price is $177.93 and its 200 day moving average price is $151.61. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 51.67 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business's revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Activity

In related news, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer directly owned 194,249 shares in the company, valued at approximately $33,993,575. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 101,349 shares in the company, valued at $18,312,750.81. This trade represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company's stock.

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.