MasTec, Inc. $MTZ Shares Bought by Temasek Holdings Private Ltd

Key Points

• Temasek Holdings significantly increased its stake in MasTec, Inc. by 1,181.1% during the first quarter, now owning 131,810 shares worth approximately $15.4 million.
• Institutional investors collectively own 78.10% of MasTec's stock, with several firms reporting substantial increases in their holdings in the same period.
• A number of analysts have issued positive ratings for MasTec, with target prices ranging from $198.00 to $215.00, indicating a strong market sentiment towards the company's future performance.

Temasek Holdings Private Ltd raised its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 1,181.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,810 shares of the construction company's stock after purchasing an additional 121,521 shares during the period. Temasek Holdings Private Ltd owned 0.17% of MasTec worth $15,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Hill City Capital LP lifted its position in MasTec by 0.7% during 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 purchasing an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in MasTec by 3.4% during 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 purchasing an additional 39,622 shares during the last quarter. AQR Capital Management LLC lifted its position in MasTec by 23.6% during the first quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company's stock valued at $106,234,000 after purchasing an additional 184,277 shares during the last quarter. Bank of New York Mellon Corp lifted its position in MasTec by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company's stock valued at $65,440,000 after purchasing an additional 4,024 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in MasTec by 6.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 546,424 shares of the construction company's stock valued at $74,390,000 after purchasing an additional 33,332 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the chief operating officer directly owned 194,249 shares in the company, valued at approximately $33,993,575. The trade was a 4.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction that occurred on 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 sale, the executive vice president owned 101,349 shares of the company's stock, valued at approximately $18,312,750.81. The trade was 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 Stock Up 8.7%

NYSE MTZ traded up $15.28 during trading on Wednesday, reaching $190.27. 1,658,147 shares of the company's stock traded hands, compared to its average volume of 1,033,234. 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 firm has a market cap of $15.01 billion, a price-to-earnings ratio of 56.29 and a beta of 1.81. The company's 50 day simple moving average is $178.06 and its two-hundred day simple moving average is $151.77. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $194.00.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the firm earned $0.96 earnings per share. The company's quarterly revenue 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. As a group, sell-side analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MTZ shares. Roth Capital started coverage on shares of MasTec in a research note on Tuesday, July 1st. They issued a "buy" rating and a $210.00 target price on the stock. Stifel Nicolaus increased their price objective on shares of MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Baird R W upgraded MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Robert W. Baird upgraded MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a research note on Monday, August 4th. Finally, Jefferies Financial Group assumed coverage on MasTec in a research report on Friday, May 16th. They set a "buy" rating and a $188.00 target price for the company. 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 stock. Based on data from MarketBeat, MasTec currently has an average rating of "Buy" and an average price target of $196.22.

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.