MasTec, Inc. $MTZ Shares Sold by Swedbank AB

Key Points

• Swedbank AB reduced its stake in MasTec, Inc. by 45.7% during the first quarter, now holding 26,900 shares worth approximately $3.14 million.
• MasTec recently reported $1.49 earnings per share (EPS) for the last quarter, surpassing analyst estimates by $0.08, alongside a year-over-year revenue increase of 19.7%.
• Analysts have a positive outlook on MasTec, with a consensus rating of "Buy" and target prices ranging from $195 to $215.

Swedbank AB reduced its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 45.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,900 shares of the construction company's stock after selling 22,600 shares during the quarter. Swedbank AB's holdings in MasTec were worth $3,139,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC boosted its position in shares of MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after purchasing an additional 263 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in MasTec during the 1st quarter worth approximately $35,000. Harbor Investment Advisory LLC lifted its position in 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. Fourth Dimension Wealth LLC acquired a new stake in MasTec during the 4th quarter worth approximately $49,000. Finally, Fifth Third Bancorp lifted its position in MasTec by 21.8% during the 1st quarter. Fifth Third Bancorp now owns 704 shares of the construction company's stock worth $82,000 after acquiring an additional 126 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MasTec

In related news, EVP Cardenas Alberto De sold 10,000 shares of MasTec 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 transaction, the executive vice president 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of MasTec 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 transaction, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. The trade was a 4.90% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,000 shares of company stock worth $4,128,070. 21.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MTZ shares. Roth Capital started coverage on MasTec in a research note on Tuesday, July 1st. They set a "buy" rating and a $210.00 target price for the company. Robert W. Baird raised shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price objective on the stock in a research note on Monday, August 4th. Mizuho initiated coverage on MasTec in a research report on Thursday, September 4th. They set an "outperform" rating and a $215.00 price target for the company. 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 report on Thursday, August 7th. Finally, Stifel Nicolaus raised their price target on MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $197.84.

MasTec Trading Up 0.7%

Shares of NYSE:MTZ traded up $1.46 during midday trading on Friday, reaching $200.91. The company's stock had a trading volume of 887,354 shares, compared to its average volume of 1,027,619. The firm has a market cap of $15.85 billion, a price-to-earnings ratio of 59.44 and a beta of 1.81. 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 1 year low of $99.70 and a 1 year high of $201.97. The business has a 50 day moving average price of $181.18 and a 200 day moving average price of $154.69.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS 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 business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The business's revenue for the quarter was up 19.7% on a year-over-year basis. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Research analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

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.