Russell Investments Group Ltd. Has $12.34 Million Stock Position in MasTec, Inc. $MTZ

Russell Investments Group Ltd. decreased its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,733 shares of the construction company's stock after selling 18,211 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of MasTec worth $12,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Colonial Trust Co SC increased its holdings 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 valued at $25,000 after buying an additional 141 shares in the last quarter. Rothschild Investment LLC boosted its holdings 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 buying an additional 263 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of MasTec in the first quarter worth about $35,000. Harbor Investment Advisory LLC boosted its holdings 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 buying an additional 200 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of MasTec in the fourth quarter worth about $49,000. Institutional investors own 78.10% of the company's stock.

MasTec Stock Up 0.7%

Shares of MTZ stock traded up $1.2430 during trading on Thursday, hitting $173.7530. 477,781 shares of the company were exchanged, compared to its average volume of 1,042,325. 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 capitalization of $13.71 billion, a price-to-earnings ratio of 51.49 and a beta of 1.83. The business's 50-day simple moving average is $174.48 and its 200 day simple moving average is $147.68. MasTec, Inc. has a twelve month low of $96.01 and a twelve month high of $194.00.

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, topping the consensus estimate 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 net margin of 2.04% and a return on equity of 12.71%. The firm's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company 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, analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MTZ. Truist Financial set a $209.00 target price on shares of MasTec in a report on Monday, August 4th. Jefferies Financial Group initiated coverage on shares of MasTec in a report on Friday, May 16th. They issued a "buy" rating and a $188.00 target price for the company. Piper Sandler upped their price target on MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Roth Capital initiated coverage on MasTec in a research report on Tuesday, July 1st. They set a "buy" rating and a $210.00 price target on the stock. Finally, TD Cowen upped their price target on MasTec from $175.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $195.12.

Insider Activity at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 101,349 shares of the company's stock, valued at $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.