MasTec, Inc. $MTZ Stock Position Increased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in MasTec, Inc. by 23.7% during the second quarter, bringing its total holdings to $2,534,000.
• Insider selling includes COO Robert E. Apple, who sold 10,000 shares valued at $2,004,400 on September 18th, reducing his ownership by 5.15%.
• Analysts have given MasTec a strong consensus rating with two analysts rating it a Strong Buy and eighteen others rating it a Buy, reflecting positive investment sentiment in the stock.

Wealth Enhancement Advisory Services LLC increased its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 23.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,742 shares of the construction company's stock after purchasing an additional 2,823 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in MasTec were worth $2,534,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MTZ. Rothschild Investment LLC increased its position in MasTec by 2,023.1% during 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 last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in MasTec in the 1st quarter worth approximately $35,000. Harbor Investment Advisory LLC grew 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 buying an additional 200 shares during the last quarter. Parallel Advisors LLC grew its stake in 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 acquiring an additional 82 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of MasTec by 21.8% during the first quarter. Fifth Third Bancorp now owns 704 shares of the construction company's stock valued at $82,000 after purchasing an additional 126 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the completion of the sale, the chief operating officer owned 184,249 shares of the company's stock, valued at approximately $36,930,869.56. This trade represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $190.39, for a total value of $571,170.00. Following the transaction, the director directly owned 35,277 shares in the company, valued at $6,716,388.03. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,000 shares of company stock worth $6,132,470 over the last ninety days. Insiders own 21.30% of the company's stock.

Analyst Ratings Changes

MTZ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Citigroup cut their target price on MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Wolfe Research raised MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 price target on the stock in a research note on Wednesday, September 17th. Stifel Nicolaus lifted their price target on MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $199.95.

MasTec Stock Performance

NYSE MTZ opened at $208.36 on Friday. The firm has a market capitalization of $16.44 billion, a P/E ratio of 61.65 and a beta of 1.81. The stock has a 50-day simple moving average of $184.96 and a two-hundred day simple moving average of $158.59. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $209.12. 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 (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business's revenue was up 19.7% on a year-over-year basis. During the same quarter last 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. On average, equities analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current 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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