CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Raises Position in MasTec, Inc. $MTZ

Key Points

• CUSHING ASSET MANAGEMENT LP boosted its stake in MasTec, Inc. by 66.7% during Q2, resulting in ownership of 30,000 shares valued at approximately $5.1 million.
• MasTec reported quarterly earnings of $1.49 per share, exceeding analysts' expectations and reflecting a 19.7% year-over-year revenue increase to $3.55 billion.
• Analysts have set several new price targets for MasTec, with a consensus target of $197.84 and a majority rating of Buy, indicating positive expectations for the stock.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 66.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the construction company's stock after buying an additional 12,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in MasTec were worth $5,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rothschild Investment LLC lifted its holdings in 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 buying an additional 263 shares during the period. Farther Finance Advisors LLC lifted its holdings in MasTec by 228.6% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the construction company's stock worth $47,000 after buying an additional 192 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in shares of MasTec during the first quarter valued at approximately $35,000. Parallel Advisors LLC lifted its holdings in shares of MasTec by 37.1% during the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company's stock valued at $52,000 after purchasing an additional 82 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of MasTec by 147.1% during the first quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Trading Up 0.7%

Shares of MTZ stock opened at $200.91 on Monday. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $201.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The firm has a market capitalization of $15.85 billion, a PE ratio of 59.44 and a beta of 1.81. The stock has a fifty day simple moving average of $181.79 and a two-hundred day simple moving average of $155.67.

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 (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 business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the business posted $0.96 EPS. MasTec's revenue for the quarter 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. On average, analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. 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. Barclays reiterated an "overweight" rating and set a $200.00 target price (up from $145.00) on shares of MasTec in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their target price on shares of MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Stifel Nicolaus lifted 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. Finally, KeyCorp lifted their target price on shares of MasTec from $196.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Three analysts have rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $197.84.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on 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 sale, the director owned 35,277 shares in the company, valued at approximately $6,716,388.03. This represents a 7.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction 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 sale, the executive vice president owned 101,349 shares of the company's stock, valued at $18,312,750.81. The trade was a 8.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,000 shares of company stock worth $4,128,070. Corporate insiders own 21.30% of the company's stock.

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.

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