Community Trust & Investment Co. Sells 14,433 Shares of MasTec, Inc. $MTZ

Key Points

• Community Trust & Investment Co. decreased its stake in MasTec, Inc. by 8.9%, selling 14,433 shares during the second quarter, which now represents about 1.5% of its holdings.
• Insider selling activity was notable, with EVP Cardenas Alberto De and COO Robert E. Apple each selling 10,000 shares recently, resulting in a total of 23,000 shares sold over the last quarter.
• Several analysts have upgraded MasTec's stock rating and price targets, with Wolfe Research setting a new target of $227.00, reflecting strong growth expectations for the infrastructure construction company.

Community Trust & Investment Co. trimmed its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,485 shares of the construction company's stock after selling 14,433 shares during the quarter. MasTec accounts for about 1.5% of Community Trust & Investment Co.'s portfolio, making the stock its 17th largest position. Community Trust & Investment Co. owned 0.19% of MasTec worth $25,306,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MTZ. Rothschild Investment LLC grew its stake in shares of MasTec by 2,023.1% in the first quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after purchasing an additional 263 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of MasTec in the 1st quarter valued at about $35,000. Parallel Advisors LLC raised its position in shares of MasTec by 37.1% during 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 during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of MasTec by 147.1% in the first quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock worth $39,000 after acquiring an additional 200 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new stake in MasTec in the fourth quarter valued at approximately $49,000. Institutional investors own 78.10% of the company's stock.

Wall Street Analyst Weigh In

MTZ has been the subject of several analyst reports. Baird R W upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Stifel Nicolaus boosted their target price on shares of MasTec from $181.00 to $198.00 and gave the company a "buy" rating in a report on Monday, August 4th. Wall Street Zen downgraded MasTec from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. 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. Finally, KeyCorp lifted their target price on MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $197.84.

Insider Buying and Selling

In related news, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction 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 completion of the sale, the executive vice president owned 101,349 shares of the company's stock, valued at approximately $18,312,750.81. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $190.39, for a total value of $571,170.00. Following the completion of the transaction, the director owned 35,277 shares in the company, valued at $6,716,388.03. This represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,000 shares of company stock worth $4,128,070. Corporate insiders own 21.30% of the company's stock.

MasTec Stock Performance

Shares of MTZ stock traded up $1.46 during trading on Friday, reaching $200.91. 1,695,425 shares of the company's stock traded hands, compared to its average volume of 857,437. The company has a market capitalization of $15.85 billion, a P/E ratio of 59.44 and a beta of 1.81. The firm's 50-day moving average is $181.79 and its 200 day moving average is $155.41. MasTec, Inc. has a 1 year low of $99.70 and a 1 year 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.

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. 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 firm's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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 research analysts expect that MasTec, Inc. will post 3.44 EPS 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.