Janney Montgomery Scott LLC Has $932,000 Stake in MasTec, Inc. $MTZ

Janney Montgomery Scott LLC raised its position in shares of MasTec, Inc. (NYSE:MTZ) by 25.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,468 shares of the construction company’s stock after purchasing an additional 1,125 shares during the period. Janney Montgomery Scott LLC’s holdings in MasTec were worth $932,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Ausbil Investment Management Ltd raised its position in MasTec by 23.8% during the second quarter. Ausbil Investment Management Ltd now owns 6,496 shares of the construction company’s stock valued at $1,107,000 after purchasing an additional 1,250 shares in the last quarter. Mariner Investment Group LLC acquired a new position in MasTec during the second quarter valued at approximately $852,000. Kirr Marbach & Co. LLC IN raised its position in MasTec by 0.6% during the second quarter. Kirr Marbach & Co. LLC IN now owns 171,631 shares of the construction company’s stock valued at $29,251,000 after purchasing an additional 1,096 shares in the last quarter. Sheets Smith Wealth Management raised its position in MasTec by 0.6% during the second quarter. Sheets Smith Wealth Management now owns 19,952 shares of the construction company’s stock valued at $3,400,000 after purchasing an additional 126 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in MasTec during the second quarter valued at approximately $752,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Stock Performance

Shares of MasTec stock opened at $205.32 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. MasTec, Inc. has a twelve month low of $99.70 and a twelve month 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’s fifty day moving average is $191.94 and its 200 day moving average is $165.92.

MasTec (NYSE:MTZ) last issued its quarterly earnings data 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 company 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 firm posted $0.96 earnings per share. MasTec’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. Sell-side analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on MTZ shares. Wolfe Research upgraded shares of MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Wednesday, September 17th. Citigroup upped their price target on shares of MasTec from $219.00 to $248.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Mizuho assumed coverage on shares of MasTec in a report on Thursday, September 4th. They set an “outperform” rating and a $215.00 price target for the company. Barclays reiterated an “overweight” rating and set a $200.00 price target (up from $145.00) on shares of MasTec in a report on Monday, July 21st. Finally, UBS Group upped their price target on shares of MasTec from $206.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $214.47.

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 on Thursday, September 18th. The shares were sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the sale, the chief operating officer owned 184,249 shares of the company’s stock, valued at approximately $36,930,869.56. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the sale, the executive vice president directly owned 101,349 shares in the company, valued at $18,312,750.81. This trade represents a 8.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $4,803,250. 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.