Atria Wealth Solutions Inc. Invests $467,000 in MasTec, Inc. $MTZ

Key Points

• Atria Wealth Solutions Inc. has invested approximately $467,000 in MasTec, acquiring 2,731 shares of the construction company during the second quarter.
• Several analysts have issued positive ratings for MasTec, with Citigroup raising its price target to $248.00 and the stock currently holding a consensus rating of "Moderate Buy."
• MasTec reported a 19.7% increase in revenue year-over-year, with earnings of $1.49 per share for the last quarter, outperforming analyst expectations.

Atria Wealth Solutions Inc. bought a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,731 shares of the construction company's stock, valued at approximately $467,000.

Other large investors also recently modified their holdings of the company. Hill City Capital LP lifted its position in shares of MasTec by 0.7% during the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company's stock worth $250,343,000 after buying an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MasTec by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company's stock worth $142,331,000 after buying an additional 39,622 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of MasTec by 163.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company's stock worth $121,843,000 after buying an additional 648,184 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of MasTec by 23.6% during the 1st quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company's stock worth $106,234,000 after buying an additional 184,277 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of MasTec by 0.7% during 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 buying an additional 4,024 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTZ. Mizuho began coverage on MasTec in a research report on Thursday, September 4th. They set an "outperform" rating and a $215.00 price objective for the company. DA Davidson set a $210.00 price objective on MasTec and gave the stock a "buy" rating in a research report on Monday, August 4th. Citigroup upped their price objective on MasTec from $219.00 to $248.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Wall Street Zen lowered MasTec from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, Truist Financial lifted their price target on MasTec from $209.00 to $248.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $216.63.

MasTec Stock Performance

Shares of MTZ stock opened at $202.01 on Monday. The business's 50-day moving average price is $193.19 and its 200-day moving average price is $168.06. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $221.83. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 59.77 and a beta of 1.82. 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 issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the company earned $0.96 earnings per share. The firm'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. Equities research analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Transactions at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total transaction 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 $36,930,869.56. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 101,349 shares of the company's stock, valued at $18,312,750.81. This trade represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $4,803,250 over the last ninety days. 21.30% of the stock is owned by insiders.

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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