Poinciana Advisors Group LLC Acquires New Stake in MasTec, Inc. $MTZ

Key Points

• Poinciana Advisors Group LLC has acquired a new stake in MasTec, Inc. during Q2, purchasing 1,482 shares valued at approximately $253,000.
• MasTec's stock recently opened at $209.32 with a market cap of $16.52 billion, showing a 19.7% increase in revenue year-over-year.
• Analysts have raised their price targets for MasTec, with Roth Capital increasing it to $250.00, indicating strong interest and optimism in the stock's performance.

Poinciana Advisors Group LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,482 shares of the construction company's stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hill City Capital LP raised its holdings in shares of MasTec by 0.7% in the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company's stock valued at $250,343,000 after buying an additional 15,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in MasTec by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company's stock worth $142,331,000 after purchasing an additional 39,622 shares during the period. Goldman Sachs Group Inc. increased its holdings in MasTec by 163.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company's stock worth $121,843,000 after purchasing an additional 648,184 shares during the period. AQR Capital Management LLC increased its holdings in MasTec by 23.6% during the 1st quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company's stock worth $106,234,000 after purchasing an additional 184,277 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in MasTec by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company's stock worth $65,440,000 after purchasing an additional 4,024 shares during the period. Hedge funds and other institutional investors own 78.10% of the company's stock.

MasTec Stock Up 0.6%

Shares of NYSE MTZ opened at $209.32 on Tuesday. The stock has a market cap of $16.52 billion, a PE ratio of 61.93 and a beta of 1.81. 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, Inc. has a 52-week low of $99.70 and a 52-week high of $212.47. The business has a 50-day moving average price of $185.64 and a 200 day moving average price of $159.50.

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, beating analysts' consensus estimates of $1.41 by $0.08. The firm had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business's revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

MTZ has been the topic of several recent research reports. Roth Capital upped their price target on MasTec from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Stifel Nicolaus upped 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. Wall Street Zen downgraded MasTec from a "strong-buy" rating to a "buy" rating in a report on Monday. Robert W. Baird raised MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price objective for the company in a research report on Monday, August 4th. Finally, Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a research report 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $199.95.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $190.39, for a total value of $571,170.00. Following the completion of the sale, the director directly owned 35,277 shares of the company's stock, valued at $6,716,388.03. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock valued at $6,132,470 in the last three months. 21.30% of the stock is currently owned by company insiders.

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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