Forza Wealth Management LLC Takes Position in MasTec, Inc. $MTZ

Key Points

• Forza Wealth Management LLC has acquired 1,445 shares of MasTec, Inc. valued at approximately $246,000, marking the company's entry into this investment in the second quarter.
• MasTec reported a 19.7% year-over-year revenue growth with Q2 earnings per share of $1.49, exceeding analysts' estimates, and has positive guidance for future earnings.
• Institutional investors hold around 78.10% of MasTec's shares, indicating significant institutional interest in the stock, with several firms increasing their stakes recently.

Forza Wealth Management LLC purchased a new position in MasTec, Inc. (NYSE:MTZ - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,445 shares of the construction company's stock, valued at approximately $246,000.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC raised its stake 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 in the last quarter. Farther Finance Advisors LLC raised its stake 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 in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in MasTec in the first quarter worth about $35,000. Parallel Advisors LLC raised its stake in MasTec by 37.1% in the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company's stock worth $52,000 after buying an additional 82 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in 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 buying an additional 200 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

MasTec Stock Up 1.6%

MTZ opened at $212.83 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $213.66. The firm's fifty day moving average is $186.42 and its 200 day moving average is $159.87. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 62.97 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the previous year, the company earned $0.96 EPS. MasTec's revenue for the quarter was up 19.7% on a year-over-year basis. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. On average, sell-side analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Roth Capital increased their price target on shares of MasTec from $210.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Baird R W raised shares of MasTec from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. DA Davidson set a $210.00 target price on shares of MasTec and gave the company a "buy" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their target price on shares of MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird raised shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $199.95.

Insider Buying and Selling at MasTec

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of MasTec 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. The trade was a 8.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $190.39, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,000 shares of company stock worth $6,132,470. Insiders own 21.30% of the company's stock.

About MasTec

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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