GAMMA Investing LLC Acquires 347 Shares of MasTec, Inc. $MTZ

GAMMA Investing LLC lifted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 37.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,262 shares of the construction company’s stock after purchasing an additional 347 shares during the period. GAMMA Investing LLC’s holdings in MasTec were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Rothschild Investment LLC lifted its stake in shares of MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company’s stock valued at $32,000 after purchasing an additional 263 shares during the period. Farther Finance Advisors LLC increased its stake in MasTec by 228.6% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the construction company’s stock valued at $47,000 after purchasing an additional 192 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MasTec during the first quarter worth $35,000. Parallel Advisors LLC raised its holdings in shares of MasTec by 37.1% during the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock worth $52,000 after acquiring an additional 82 shares during the period. Finally, Harbor Investment Advisory LLC raised its holdings 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 acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MTZ shares. Mizuho initiated coverage on shares of MasTec in a research report on Thursday, September 4th. They issued an “outperform” rating and a $215.00 target price for the company. Truist Financial set a $209.00 target price on shares of MasTec in a research note on Monday, August 4th. Citigroup dropped their price objective on shares of MasTec from $220.00 to $219.00 and set a “buy” rating for the company in a research note on Monday, August 4th. The Goldman Sachs Group boosted their target price on shares of MasTec from $195.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, 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 report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the stock. Based on data from MarketBeat.com, MasTec has a consensus rating of “Buy” and a consensus target price of $199.95.

MasTec Trading Up 1.9%

NYSE:MTZ opened at $208.36 on Monday. The firm’s fifty day moving average is $184.96 and its 200-day moving average is $158.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $209.12. The firm has a market cap of $16.44 billion, a P/E ratio of 61.65 and a beta of 1.81.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 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 company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the firm posted $0.96 EPS. 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. Equities analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Transactions at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the 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. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the transaction, the chief operating officer 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 disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock worth $6,132,470 in the last quarter. 21.30% of the stock is currently owned by corporate insiders.

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.