Farther Finance Advisors LLC Boosts Stock Holdings in MasTec, Inc. $MTZ

Farther Finance Advisors LLC raised its holdings in MasTec, Inc. (NYSE:MTZ) by 228.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276 shares of the construction company’s stock after purchasing an additional 192 shares during the quarter. Farther Finance Advisors LLC’s holdings in MasTec were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MasTec in the 1st quarter valued at approximately $35,000. Parallel Advisors LLC raised its position in MasTec by 37.1% in 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 in the last quarter. Rise Advisors LLC lifted its holdings in MasTec by 24.9% in the second quarter. Rise Advisors LLC now owns 667 shares of the construction company’s stock valued at $114,000 after acquiring an additional 133 shares during the period. Fifth Third Bancorp boosted its position in shares of MasTec by 21.8% during the 1st quarter. Fifth Third Bancorp now owns 704 shares of the construction company’s stock worth $82,000 after purchasing an additional 126 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of MasTec by 44.1% during the 1st quarter. UMB Bank n.a. now owns 709 shares of the construction company’s stock worth $83,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTZ. Truist Financial set a $209.00 price target on shares of MasTec in a report on Monday, August 4th. DA Davidson set a $210.00 target price on shares of MasTec and gave the company a “buy” rating in a report on Monday, August 4th. Baird R W upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 4th. UBS Group boosted their price target on MasTec from $206.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, Wall Street Zen downgraded MasTec from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, MasTec presently has a consensus rating of “Buy” and a consensus price target of $210.37.

MasTec Trading Up 0.5%

Shares of MTZ opened at $216.87 on Tuesday. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $221.83. The company has a market capitalization of $17.11 billion, a PE ratio of 64.16 and a beta of 1.82. The stock has a fifty day moving average of $188.94 and a two-hundred day moving average of $162.68. 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 (NYSE:MTZ) last announced 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 return on equity of 12.71% and a net margin of 2.04%.The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The business’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 forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Activity

In related news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $190.39, for a total value of $571,170.00. Following the completion of the sale, the director directly owned 35,277 shares in the company, valued at approximately $6,716,388.03. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $6,553,250 in the last 90 days. 21.30% of the stock is currently owned by insiders.

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.