MasTec, Inc. $MTZ Stock Holdings Trimmed by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. decreased its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 61.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,477 shares of the construction company's stock after selling 2,377 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in MasTec were worth $170,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of MasTec in the 1st quarter valued at about $21,208,000. Virtu Financial LLC purchased a new position in shares of MasTec in the 1st quarter valued at about $617,000. Ontario Teachers Pension Plan Board purchased a new position in shares of MasTec in the 1st quarter valued at about $268,000. New Age Alpha Advisors LLC purchased a new position in shares of MasTec in the 1st quarter valued at about $1,456,000. Finally, J. Safra Sarasin Holding AG purchased a new position in shares of MasTec in the 1st quarter valued at about $2,678,000. Hedge funds and other institutional investors own 78.10% of the company's stock.

Wall Street Analyst Weigh In

MTZ has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Robert W. Baird upgraded MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price target on the stock in a research note on Monday, August 4th. The Goldman Sachs Group raised their price target on MasTec from $195.00 to $227.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. DA Davidson set a $210.00 price target on MasTec and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Roth Capital started coverage on MasTec in a research note on Tuesday, July 1st. They set a "buy" rating and a $210.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $195.12.

Insider Activity at MasTec

In other MasTec 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 transaction of $1,806,900.00. Following the completion of the transaction, the executive vice president owned 101,349 shares of the company's stock, valued at approximately $18,312,750.81. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction, 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. Company insiders own 21.30% of the company's stock.

MasTec Stock Performance

MasTec stock traded down $3.0760 during mid-day trading on Wednesday, reaching $172.1840. 1,500,196 shares of the company were exchanged, compared to its average volume of 1,046,176. MasTec, Inc. has a twelve month low of $96.01 and a twelve month high of $194.00. The firm's 50-day simple moving average is $174.29 and its two-hundred day simple moving average is $147.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The firm has a market cap of $13.59 billion, a PE ratio of 50.94 and a beta of 1.83.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, beating 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 business had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same period last year, the firm earned $0.96 EPS. The company's quarterly 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. Equities analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

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.