Peregrine Capital Management LLC Sells 3,935 Shares of MasTec, Inc. $MTZ

Peregrine Capital Management LLC reduced its stake in shares of MasTec, Inc. (NYSE:MTZ) by 30.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,118 shares of the construction company’s stock after selling 3,935 shares during the period. Peregrine Capital Management LLC’s holdings in MasTec were worth $1,554,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Hill City Capital LP lifted its holdings in shares of MasTec by 0.7% during the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company’s stock worth $250,343,000 after acquiring an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 acquiring an additional 39,622 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 acquiring an additional 648,184 shares during the last quarter. AQR Capital Management LLC raised its position in MasTec by 23.6% in the 1st quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock worth $106,234,000 after purchasing an additional 184,277 shares during the period. Finally, Bank of New York Mellon Corp raised its position in MasTec by 0.7% in 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 purchasing an additional 4,024 shares during the period. 78.10% of the stock is owned by institutional investors.

Insider Buying and Selling at MasTec

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were 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. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the business’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 owned 35,277 shares in the company, valued at $6,716,388.03. The trade was a 7.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of MasTec from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Stifel Nicolaus lifted their target price on shares of MasTec from $198.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of MasTec in a research report on Wednesday, October 8th. Mizuho lifted their target price on shares of MasTec from $215.00 to $244.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Guggenheim reiterated a “neutral” rating and issued a $215.00 target price on shares of MasTec in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $221.89.

MasTec Price Performance

MTZ stock opened at $212.34 on Wednesday. The firm’s 50-day moving average price is $197.11 and its two-hundred day moving average price is $172.71. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $221.83. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 62.82 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.

MasTec (NYSE:MTZ) 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 analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

MasTec 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.