Huntleigh Advisors Inc. Makes New Investment in MasTec, Inc. $MTZ

Huntleigh Advisors Inc. purchased a new position in MasTec, Inc. (NYSE:MTZ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,586 shares of the construction company's stock, valued at approximately $1,634,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arista Wealth Management LLC purchased a new position in MasTec during the 2nd quarter worth approximately $1,259,000. Praxis Investment Management Inc. purchased a new position in MasTec during the 2nd quarter worth approximately $387,000. Ritholtz Wealth Management grew its position in MasTec by 97.1% during the 2nd quarter. Ritholtz Wealth Management now owns 7,238 shares of the construction company's stock worth $1,234,000 after purchasing an additional 3,565 shares in the last quarter. Verdence Capital Advisors LLC grew its position in MasTec by 4.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company's stock worth $338,000 after purchasing an additional 93 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in MasTec during the 2nd quarter worth approximately $467,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MasTec

In other news, EVP Cardenas Alberto De sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred 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 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 three months, insiders have sold 25,000 shares of company stock worth $4,803,250. Corporate insiders own 21.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on MTZ shares. Mizuho began coverage on shares of MasTec in a research report on Thursday, September 4th. They set an "outperform" rating and a $215.00 price objective on the stock. KeyCorp boosted their target price on shares of MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Stifel Nicolaus boosted their price objective on shares of MasTec from $198.00 to $237.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Baird R W upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Finally, Citigroup boosted their price objective on shares of MasTec from $219.00 to $248.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Two investment 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. According to MarketBeat.com, MasTec currently has an average rating of "Moderate Buy" and a consensus price target of $216.63.

MasTec Price Performance

NYSE:MTZ opened at $202.01 on Friday. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $221.83. The company's 50-day moving average price is $193.19 and its two-hundred day moving average price is $167.36. The firm has a market cap of $15.94 billion, a PE ratio of 59.77 and a beta of 1.82. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70.

MasTec (NYSE:MTZ - Get Free Report) last announced 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. 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 analyst estimates of $3.40 billion. During the same period in the prior year, the business earned $0.96 earnings per share. MasTec's quarterly revenue 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, equities analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

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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