9,813 Shares in MasTec, Inc. $MTZ Purchased by Scientech Research LLC

Key Points

• Scientech Research LLC has acquired a new position in MasTec, Inc. valued at approximately $1.15 million, purchasing 9,813 shares in the first quarter of this year.
• MasTec has received multiple analyst upgrades, including a shift from "hold" to "strong-buy" ratings, with price targets now set as high as $227.00.
• MasTec reported a quarterly earnings performance of $1.49 per share, exceeding expectations, alongside a year-over-year revenue increase of 19.7%.

Scientech Research LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,813 shares of the construction company's stock, valued at approximately $1,145,000.

Several other hedge funds also recently modified their holdings of the business. Hill City Capital LP boosted its position in shares of MasTec by 0.7% in the first quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company's stock valued at $250,343,000 after acquiring an additional 15,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of MasTec by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company's stock valued at $142,331,000 after acquiring an additional 39,622 shares during the period. AQR Capital Management LLC lifted its position in MasTec by 23.6% in the first quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company's stock worth $106,234,000 after purchasing an additional 184,277 shares during the period. Bank of New York Mellon Corp lifted its position in MasTec by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company's stock worth $65,440,000 after purchasing an additional 4,024 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in MasTec by 6.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 546,424 shares of the construction company's stock worth $74,390,000 after purchasing an additional 33,332 shares during the period. 78.10% of the stock is owned by institutional investors.

MasTec Price Performance

Shares of NYSE:MTZ traded up $15.28 during midday trading on Wednesday, reaching $190.27. The company's stock had a trading volume of 1,658,147 shares, compared to its average volume of 1,033,234. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $194.00. The company has a market capitalization of $15.01 billion, a P/E ratio of 56.29 and a beta of 1.81. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. The business's fifty day simple moving average is $178.06 and its 200-day simple moving average is $151.77.

MasTec (NYSE:MTZ - Get Free Report) last announced its 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. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the company posted $0.96 earnings per share. The firm'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. As a group, equities research analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. DA Davidson set a $210.00 target price on MasTec and gave the stock a "buy" rating in a research report on Monday, August 4th. The Goldman Sachs Group raised their target price on MasTec from $195.00 to $227.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Mizuho assumed coverage on MasTec in a research report on Thursday, September 4th. They issued an "outperform" rating and a $215.00 target price for the company. Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Finally, Jefferies Financial Group assumed coverage on MasTec in a research report on Friday, May 16th. They issued a "buy" rating and a $188.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $196.22.

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 directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 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 owned 194,249 shares of the company's stock, valued at approximately $33,993,575. This trade represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

MasTec Company 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.