MasTec, Inc. $MTZ Shares Sold by Campbell Newman Asset Management Inc.

Key Points

• Campbell Newman Asset Management Inc. reduced its stake in MasTec, Inc. by 8.0%, now holding 25,601 shares, valued at approximately $4.36 million.
• MasTec reported $1.49 EPS for the last quarter, exceeding analysts' expectations, and its quarterly revenue was $3.55 billion, marking a 19.7% year-over-year increase.
• Institutional investors own 78.10% of MasTec's stock, indicating strong institutional support for the company.

Campbell Newman Asset Management Inc. trimmed its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,601 shares of the construction company's stock after selling 2,225 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in MasTec were worth $4,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC lifted its stake in MasTec by 2,023.1% during the first quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after purchasing an additional 263 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in shares of MasTec in the first quarter valued at $35,000. Harbor Investment Advisory LLC lifted its position in shares of MasTec by 147.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of MasTec by 228.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 276 shares of the construction company's stock valued at $47,000 after acquiring an additional 192 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of MasTec by 37.1% in the 2nd 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. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Stock Up 0.6%

MasTec stock opened at $209.32 on Tuesday. MasTec, Inc. has a twelve month low of $99.70 and a twelve month high of $212.47. 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 cap of $16.52 billion, a PE ratio of 61.93 and a beta of 1.81. The firm's 50 day moving average price is $185.64 and its two-hundred day moving average price is $159.50.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the business posted $0.96 EPS. The company'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, research analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MTZ shares. Robert W. Baird raised MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a report on Monday, August 4th. Truist Financial set a $209.00 price objective on shares of MasTec in a research note on Monday, August 4th. Baird R W raised shares of MasTec from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Citigroup cut their price target on shares of MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Finally, Mizuho initiated coverage on shares of MasTec in a research note on Thursday, September 4th. They issued an "outperform" rating and a $215.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $199.95.

Insiders Place Their Bets

In related news, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction that occurred 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 approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. This represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,000 shares of company stock valued at $6,132,470 in the last three months. 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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