Advisors Asset Management Inc. Purchases 2,289 Shares of MasTec, Inc. $MTZ

Key Points

• Advisors Asset Management Inc. increased its stake in MasTec, Inc. by 6.1% during the 1st quarter, owning approximately $4.65 million worth of shares after acquiring an additional 2,289 shares.
• MasTec reported earnings of $1.49 per share for the most recent quarter, surpassing analysts' expectations and demonstrating a 19.7% increase in revenue year-over-year.
• Several analysts have given MasTec a Buy rating, with price targets as high as $215.00, indicating strong market confidence in the company's growth potential.

Advisors Asset Management Inc. boosted its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,800 shares of the construction company's stock after acquiring an additional 2,289 shares during the period. Advisors Asset Management Inc. owned 0.05% of MasTec worth $4,645,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MTZ. Brighton Jones LLC bought a new stake in MasTec in the fourth quarter valued at approximately $227,000. Mercer Global Advisors Inc. ADV bought a new stake in MasTec in the fourth quarter valued at approximately $409,000. AXA S.A. acquired a new position in MasTec in the fourth quarter valued at approximately $213,000. Ameriprise Financial Inc. lifted its stake in MasTec by 39.1% in the fourth quarter. Ameriprise Financial Inc. now owns 144,098 shares of the construction company's stock valued at $19,618,000 after buying an additional 40,483 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in MasTec by 32.2% in the fourth quarter. BNP Paribas Financial Markets now owns 38,053 shares of the construction company's stock valued at $5,181,000 after buying an additional 9,261 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on MTZ shares. DA Davidson set a $210.00 price target on MasTec and gave the company a "buy" rating in a research note on Monday, August 4th. Jefferies Financial Group started coverage on MasTec in a research note on Friday, May 16th. They issued a "buy" rating and a $188.00 price target on the stock. Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. TD Cowen boosted their price target on MasTec from $175.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, Mizuho assumed coverage on MasTec in a research report on Thursday, September 4th. They set an "outperform" rating and a $215.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $196.22.

MasTec Stock Down 1.0%

MasTec stock traded down $1.85 during trading on Tuesday, hitting $174.90. 587,445 shares of the company were exchanged, compared to its average volume of 1,029,580. The business's 50 day moving average is $177.93 and its 200 day moving average is $151.61. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $194.00. The company has a market capitalization of $13.80 billion, a P/E ratio of 51.75 and a beta of 1.81. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70.

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 (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. MasTec's revenue was up 19.7% compared to the same quarter last year. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Activity

In related news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chief operating officer owned 194,249 shares in the company, valued at approximately $33,993,575. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction dated 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 transaction, the executive vice president 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 position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by corporate insiders.

MasTec Company 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.