9,239 Shares in MasTec, Inc. $MTZ Bought by IronOak Wealth LLC.

Key Points

• IronOak Wealth LLC has acquired 9,239 shares of MasTec, Inc., valued at approximately $1.575 million, making it the 29th largest position in their portfolio.
• MasTec reported earnings per share of $1.49 for the last quarter, exceeding analysts' expectations of $1.41 and marking a 19.7% increase in quarterly revenue year-over-year.
• Several institutional investors have adjusted their holdings, with 78.10% of MasTec's stock now owned by these investors, highlighting increased interest in the company's stock.

IronOak Wealth LLC. purchased a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,239 shares of the construction company's stock, valued at approximately $1,575,000. MasTec makes up approximately 1.5% of IronOak Wealth LLC.'s portfolio, making the stock its 29th biggest position.

A number of other institutional investors have also made changes to their positions in the business. Hill City Capital LP increased its position in MasTec by 0.7% during the first quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company's stock worth $250,343,000 after acquiring an additional 15,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of MasTec by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company's stock valued at $142,331,000 after buying an additional 39,622 shares during the period. Goldman Sachs Group Inc. increased its stake in MasTec by 163.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company's stock valued at $121,843,000 after acquiring an additional 648,184 shares during the period. AQR Capital Management LLC raised its holdings in MasTec by 23.6% in the 1st quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company's stock valued at $106,234,000 after acquiring an additional 184,277 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of MasTec by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company's stock worth $65,440,000 after acquiring an additional 4,024 shares during the period. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Performance

NYSE MTZ opened at $200.91 on Monday. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $201.97. 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 company has a fifty day simple moving average of $181.79 and a 200 day simple moving average of $155.67. The company has a market cap of $15.85 billion, a P/E ratio of 59.44 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last issued 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. 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 the consensus estimate of $3.40 billion. During the same period in the previous year, the firm earned $0.96 EPS. The firm's quarterly revenue 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 predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Cardenas Alberto De sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value of $1,806,900.00. Following the completion of the transaction, the executive vice president owned 101,349 shares in the company, valued at $18,312,750.81. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the firm'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 transaction of $571,170.00. Following the transaction, the director directly owned 35,277 shares of the company's stock, valued at $6,716,388.03. This represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $4,128,070 over the last three months. Company insiders own 21.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTZ. Wolfe Research upgraded MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 price target on the stock in a research report on Wednesday, September 17th. Truist Financial set a $209.00 price target on MasTec in a research report on Monday, August 4th. Barclays reiterated an "overweight" rating and issued a $200.00 price objective (up previously from $145.00) on shares of MasTec in a research report on Monday, July 21st. DA Davidson set a $210.00 price target on shares of MasTec and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Roth Capital began coverage on MasTec in a research report on Tuesday, July 1st. They issued a "buy" rating and a $210.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. According to data from MarketBeat, MasTec has an average rating of "Buy" and an average price target of $197.84.

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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