United Services Automobile Association Purchases Shares of 4,049 MasTec, Inc. $MTZ

Key Points

• United Services Automobile Association acquired 4,049 shares of MasTec, Inc., valued at approximately $467,000, in the first quarter of the year.
• Several other institutional investors have increased their stakes in MasTec, including Goldman Sachs Group Inc. raising its stake by 163.8% in the same period.
• MasTec reported a $1.49 EPS for the quarter, surpassing analysts' expectations, and has forecasted guidance for Q3 2025 at 2.280 EPS.

United Services Automobile Association purchased a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,049 shares of the construction company's stock, valued at approximately $467,000.

A number of other large investors have also recently added to or reduced their stakes in the company. First Dallas Securities Inc. lifted its stake in MasTec by 16.4% in the first quarter. First Dallas Securities Inc. now owns 8,850 shares of the construction company's stock valued at $1,033,000 after acquiring an additional 1,250 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of MasTec by 163.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company's stock worth $121,843,000 after buying an additional 648,184 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of MasTec during the 1st quarter worth about $903,000. Temasek Holdings Private Ltd lifted its stake in shares of MasTec by 1,181.1% during the 1st quarter. Temasek Holdings Private Ltd now owns 131,810 shares of the construction company's stock worth $15,384,000 after buying an additional 121,521 shares during the last quarter. Finally, Scientech Research LLC acquired a new stake in shares of MasTec during the 1st quarter worth about $1,145,000. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Price Performance

Shares of MasTec stock opened at $190.27 on Thursday. 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 twelve month low of $99.70 and a twelve month high of $194.00. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 56.29 and a beta of 1.81. The company has a 50-day simple moving average of $178.48 and a two-hundred day simple moving average of $152.03.

MasTec (NYSE:MTZ - Get Free Report) last released its 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 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 analyst estimates of $3.40 billion. During the same period last year, the firm earned $0.96 EPS. The business'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. Analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Activity

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer directly owned 194,249 shares of the company's stock, valued at $33,993,575. This trade represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $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. 21.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MTZ shares. JPMorgan Chase & Co. raised their target price on shares of MasTec from $180.00 to $214.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Truist Financial set a $209.00 target price on shares of MasTec in a research note on Monday, August 4th. The Goldman Sachs Group raised their target price on shares of MasTec from $195.00 to $227.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Mizuho started coverage on shares of MasTec in a research note on Thursday, September 4th. They set an "outperform" rating and a $215.00 target price for the company. Finally, Stifel Nicolaus raised their target price on shares of MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, MasTec 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.

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