Blair William & Co. IL Purchases New Position in MasTec, Inc. $MTZ

Blair William & Co. IL acquired a new stake in MasTec, Inc. (NYSE:MTZ) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,478 shares of the construction company’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of MasTec in the first quarter valued at approximately $35,000. Ameritas Advisory Services LLC purchased a new stake in shares of MasTec in the second quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its position in shares of 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 buying an additional 192 shares in the last quarter. Parallel Advisors LLC increased its position in shares of MasTec by 37.1% in the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock valued at $52,000 after buying an additional 82 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of MasTec by 21.8% in the first quarter. Fifth Third Bancorp now owns 704 shares of the construction company’s stock valued at $82,000 after buying an additional 126 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $190.39, for a total transaction of $571,170.00. Following the transaction, the director owned 35,277 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Also, 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 value of $2,004,400.00. Following the completion of the transaction, the chief operating officer directly owned 184,249 shares in the company, valued at approximately $36,930,869.56. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock valued at $4,803,250. Insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MTZ shares. Citigroup boosted their price objective on MasTec from $219.00 to $248.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. TD Cowen boosted their price target on MasTec from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. DA Davidson set a $210.00 price target on MasTec and gave the stock a “buy” rating in a research report on Monday, August 4th. Guggenheim reiterated a “neutral” rating and set a $215.00 price target on shares of MasTec in a research report on Wednesday. Finally, UBS Group boosted their price target on MasTec from $206.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $216.63.

MasTec Stock Performance

NYSE MTZ opened at $202.01 on Friday. The stock’s fifty day moving average is $193.19 and its two-hundred day moving average is $167.67. The firm has a market capitalization of $15.94 billion, a P/E ratio of 59.77 and a beta of 1.82. 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 fifty-two week low of $99.70 and a fifty-two week high of $221.83.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. 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 anticipate that MasTec, Inc. will post 3.44 earnings per share for the current year.

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.