IronOak Wealth LLC. Invests $1.58 Million in MasTec, Inc. $MTZ

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. acquired a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,239 shares of the construction company's stock, valued at approximately $1,575,000. MasTec comprises approximately 1.5% of IronOak Wealth LLC.'s portfolio, making the stock its 29th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in shares of MasTec by 163.8% in 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 purchasing an additional 648,184 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in MasTec by 171.2% in the 1st quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company's stock valued at $45,607,000 after buying an additional 246,666 shares in the last quarter. AQR Capital Management LLC lifted its stake 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 buying an additional 184,277 shares in the last quarter. Nuveen LLC acquired a new stake in MasTec during the 1st quarter valued at $21,208,000. Finally, Lord Abbett & CO. LLC increased its position in MasTec by 77.8% during the first quarter. Lord Abbett & CO. LLC now owns 307,419 shares of the construction company's stock worth $35,879,000 after buying an additional 134,493 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $190.39, for a total value of $571,170.00. Following the completion of the transaction, the director directly owned 35,277 shares in the company, valued at approximately $6,716,388.03. This represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm'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 of the company's stock, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,000 shares of company stock valued at $6,132,470. Corporate insiders own 21.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MTZ shares. TD Cowen upped their price objective on MasTec from $175.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, August 4th. DA Davidson set a $210.00 target price on shares of MasTec and gave the company a "buy" rating in a report on Monday, August 4th. Wall Street Zen upgraded shares of MasTec from a "buy" rating to a "strong-buy" rating in a report on Sunday. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Mizuho assumed 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. Three investment analysts have rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $197.84.

MasTec Stock Up 3.1%

NYSE:MTZ traded up $6.22 during mid-day trading on Monday, hitting $207.18. The company had a trading volume of 857,226 shares, compared to its average volume of 903,325. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $207.58. The business has a fifty day simple moving average of $182.49 and a 200-day simple moving average of $156.31. 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 firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 61.30 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.41 by $0.08. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The company's revenue was up 19.7% on a year-over-year basis. During the same period last year, the business posted $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 analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal 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.