MQS Management LLC Purchases Shares of 1,805 MasTec, Inc. $MTZ

MQS Management LLC purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 1,805 shares of the construction company’s stock, valued at approximately $308,000.

Several other institutional investors also recently bought and sold shares of the business. Hill City Capital LP raised its holdings in MasTec by 0.7% in the 1st 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 last quarter. Dimensional Fund Advisors LP increased its holdings in shares of MasTec by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company’s stock worth $142,331,000 after buying an additional 39,622 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings 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. AQR Capital Management LLC increased its holdings in shares of MasTec by 23.6% during the 1st quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock worth $106,234,000 after buying an additional 184,277 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of MasTec by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company’s stock worth $65,440,000 after buying an additional 4,024 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Stock Up 3.3%

Shares of NYSE MTZ opened at $211.61 on Monday. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $221.83. The company has a market cap of $16.70 billion, a P/E ratio of 62.61 and a beta of 1.82. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $195.70 and a 200 day moving average price of $171.41.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the firm earned $0.96 EPS. 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. Research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of MasTec in a report on Saturday. Guggenheim restated a “neutral” rating and set a $215.00 price objective on shares of MasTec in a report on Wednesday, October 15th. Wolfe Research upgraded MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a report on Wednesday, September 17th. TD Cowen upped their price objective on MasTec from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Finally, Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and a consensus target price of $220.37.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $200.44, for a total value of $2,004,400.00. Following the completion of the transaction, the chief operating officer directly owned 184,249 shares of the company’s stock, valued at $36,930,869.56. This represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $190.39, for a total transaction of $571,170.00. Following the completion of the transaction, the director directly owned 35,277 shares of the company’s stock, valued at approximately $6,716,388.03. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,803,250 in the last ninety days. Insiders own 21.30% of the company’s stock.

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.