208 Shares in MasTec, Inc. $MTZ Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 208 shares of the construction company’s stock, valued at approximately $35,000.

Several other institutional investors also recently bought and sold shares of MTZ. J. Safra Sarasin Holding AG increased its holdings in MasTec by 76.7% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 40,545 shares of the construction company’s stock valued at $6,910,000 after acquiring an additional 17,595 shares during the last quarter. Lecap Asset Management Ltd. increased its holdings in MasTec by 76.4% in the 2nd quarter. Lecap Asset Management Ltd. now owns 11,314 shares of the construction company’s stock valued at $1,928,000 after acquiring an additional 4,900 shares during the last quarter. Forza Wealth Management LLC bought a new stake in MasTec in the 2nd quarter valued at $246,000. Truist Financial Corp bought a new stake in MasTec in the 2nd quarter valued at $420,000. Finally, Poinciana Advisors Group LLC bought a new stake in MasTec in the 2nd quarter valued at $253,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MasTec

In other news, EVP Cardenas Alberto De sold 10,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 101,349 shares of the company’s stock, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Robert Campbell sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $210.39, for a total transaction of $420,780.00. Following the completion of the sale, the director directly owned 33,277 shares of the company’s stock, valued at $7,001,148.03. The trade was a 5.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock valued at $4,803,250. Company insiders own 21.30% of the company’s stock.

MasTec Price Performance

MasTec stock opened at $205.32 on Wednesday. The firm has a 50-day moving average of $191.94 and a two-hundred day moving average of $165.92. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $221.83. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 60.75 and a beta of 1.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The company’s 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. On average, research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of MasTec from $195.00 to $227.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Mizuho initiated coverage on shares of MasTec in a research report on Thursday, September 4th. They set an “outperform” rating and a $215.00 target price on the stock. Jefferies Financial Group upped their target price on shares of MasTec from $218.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Robert W. Baird upgraded shares of MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a research report on Monday, August 4th. Finally, Citigroup upped their target price on shares of MasTec from $219.00 to $248.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $214.47.

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.