8,195 Shares in MasTec, Inc. $MTZ Purchased by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. acquired 8,195 shares of MasTec, Inc. valued at approximately $1.4 million during the 2nd quarter.
• Insiders sold 25,000 shares of MasTec in the last ninety days, decreasing their ownership by 21.3%.
• Analysts have recently upgraded MasTec's stock ratings, with price targets reaching as high as $248 and a consensus rating of "Moderate Buy."

Cookson Peirce & Co. Inc. purchased a new position in MasTec, Inc. (NYSE:MTZ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,195 shares of the construction company's stock, valued at approximately $1,397,000.

Other institutional investors have also modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of MasTec in the first quarter worth about $35,000. Ameritas Advisory Services LLC acquired a new position in shares of MasTec in the second quarter worth about $35,000. Farther Finance Advisors LLC lifted its stake 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 worth $47,000 after acquiring an additional 192 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of MasTec in the second quarter worth about $49,000. Finally, Parallel Advisors LLC lifted its stake in shares of 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. Institutional investors and hedge funds own 78.10% of the company's stock.

Insider Transactions at MasTec

In other news, 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the sale, the chief operating officer owned 184,249 shares in the company, valued at $36,930,869.56. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Baird R W upgraded MasTec from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. DA Davidson set a $210.00 price objective on MasTec and gave the company a "buy" rating in a research note on Monday, August 4th. Citigroup upped their price objective on MasTec from $219.00 to $248.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Mizuho initiated coverage on MasTec in a research note on Thursday, September 4th. They set an "outperform" rating and a $215.00 price objective on the stock. Finally, KeyCorp upped their price objective on MasTec from $205.00 to $236.00 and gave the company an "overweight" rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, MasTec has a consensus rating of "Moderate Buy" and an average target price of $220.37.

MasTec Stock Down 5.0%

Shares of MasTec stock opened at $196.73 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The business's 50 day simple moving average is $194.48 and its 200-day simple moving average is $169.22. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 58.20 and a beta of 1.82. MasTec, Inc. has a twelve month low of $99.70 and a twelve month high of $221.83.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business's quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Equities research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

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.

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