Voya Investment Management LLC Has $5.42 Million Stake in MasTec, Inc. $MTZ

Key Points

• Voya Investment Management LLC increased its stake in MasTec, Inc. by 33.1% after purchasing an additional 11,551 shares, bringing its total ownership to 46,446 shares worth approximately $5.42 million.
• MasTec reported quarterly earnings of $1.49 per share, surpassing estimates by $0.08 and achieving a 19.7% year-over-year revenue growth, totaling $3.55 billion.
• After recent analyst ratings, MasTec currently holds a consensus price target of $197.84 with a mix of "Strong Buy" and "Buy" ratings from several equities research firms.

Voya Investment Management LLC boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 33.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,446 shares of the construction company's stock after acquiring an additional 11,551 shares during the period. Voya Investment Management LLC owned approximately 0.06% of MasTec worth $5,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rothschild Investment LLC boosted its stake in MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after purchasing an additional 263 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of MasTec during the first quarter worth about $35,000. Harbor Investment Advisory LLC boosted its position in shares of MasTec by 147.1% during 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. Fourth Dimension Wealth LLC bought a new position in shares of MasTec during the fourth quarter worth about $49,000. Finally, Fifth Third Bancorp raised its position in MasTec by 21.8% in the 1st quarter. Fifth Third Bancorp now owns 704 shares of the construction company's stock valued at $82,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Stock Performance

Shares of NYSE MTZ traded up $1.46 during midday trading on Friday, hitting $200.91. 1,695,425 shares of the company's stock were exchanged, compared to its average volume of 857,437. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $15.85 billion, a PE ratio of 59.44 and a beta of 1.81. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $201.97. The company's 50 day moving average price is $181.79 and its 200 day moving average price is $155.22.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly 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 business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The firm'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. As a group, analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Cardenas Alberto De sold 10,000 shares of MasTec 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer owned 194,249 shares in the company, valued at approximately $33,993,575. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,000 shares of company stock valued at $4,128,070. Company insiders own 21.30% of the company's stock.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of recent research reports. Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. TD Cowen lifted their price target on shares of MasTec from $175.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Robert W. Baird raised shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price target on the stock in a research report on Monday, August 4th. The Goldman Sachs Group raised their price objective on MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Roth Capital started coverage on MasTec in a research report on Tuesday, July 1st. They issued a "buy" rating and a $210.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. According to MarketBeat.com, MasTec has a consensus rating of "Buy" and an average target price of $197.84.

About MasTec

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.