MasTec, Inc. $MTZ Shares Acquired by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in MasTec, Inc. by 20%, totaling 84,000 shares valued at approximately $9.8 million after acquiring an additional 14,000 shares.
• MasTec reported a strong earnings performance with $1.49 EPS, exceeding estimates, and a year-over-year revenue growth of 19.7%, promising positive guidance for future earnings.
• Multiple analysts have recently revised their price targets for MasTec, with Barclays and Truist boosting targets to $200 and $209, respectively, reflecting a consensus "Buy" rating.

Edmond DE Rothschild Holding S.A. raised its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 20.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,000 shares of the construction company's stock after purchasing an additional 14,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.11% of MasTec worth $9,804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in MasTec by 535.1% in the 1st quarter. LPL Financial LLC now owns 130,314 shares of the construction company's stock valued at $15,209,000 after purchasing an additional 109,794 shares during the last quarter. KBC Group NV boosted its holdings in MasTec by 10.6% in the 1st quarter. KBC Group NV now owns 2,773 shares of the construction company's stock valued at $324,000 after purchasing an additional 266 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in MasTec by 37.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company's stock valued at $1,915,000 after purchasing an additional 4,469 shares during the last quarter. GAMMA Investing LLC boosted its holdings in MasTec by 43.6% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the construction company's stock valued at $107,000 after purchasing an additional 278 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in MasTec by 33.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,253 shares of the construction company's stock valued at $263,000 after purchasing an additional 565 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 value of $1,806,900.00. Following the sale, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This trade represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction on 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 sale, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MTZ has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of MasTec in a report on Friday, May 16th. They issued a "buy" rating and a $188.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of MasTec from $180.00 to $214.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Robert W. Baird upgraded shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price objective on the stock in a report on Monday, August 4th. Mizuho initiated coverage on shares of MasTec in a report on Thursday, September 4th. They issued an "outperform" rating and a $215.00 price objective on the stock. Finally, Roth Capital initiated coverage on shares of MasTec in a report on Tuesday, July 1st. They issued a "buy" rating and a $210.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $196.22.

MasTec Stock Up 6.3%

MasTec stock traded up $11.04 during mid-day trading on Wednesday, reaching $186.03. 525,901 shares of the company's stock were exchanged, compared to its average volume of 1,026,414. The company has a market cap of $14.68 billion, a P/E ratio of 55.05 and a beta of 1.81. MasTec, Inc. has a twelve month low of $99.70 and a twelve month high of $194.00. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average of $178.06 and a 200-day moving average of $151.77.

MasTec (NYSE:MTZ - Get Free Report) last released its 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. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm's quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business earned $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. Sell-side 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.