MasTec, Inc. $MTZ Stock Position Reduced by Thomas J. Herzfeld Advisors Inc.

Key Points

• Thomas J. Herzfeld Advisors Inc. reduced its stake in MasTec, Inc. by 14.3%, owning 29,872 shares after selling 5,000 shares during the first quarter, making it the 24th biggest position in its portfolio.
• MasTec reported a 19.7% increase in revenue for the last quarter, reaching $3.55 billion, and achieved an EPS of $1.49, exceeding analysts' estimates.
• Analysts have positive outlooks on MasTec, with several firms upgrading their ratings and price targets, resulting in an average target price of $195.12 and a consensus rating of Buy.

Thomas J. Herzfeld Advisors Inc. trimmed its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,872 shares of the construction company's stock after selling 5,000 shares during the quarter. MasTec makes up approximately 1.2% of Thomas J. Herzfeld Advisors Inc.'s investment portfolio, making the stock its 24th largest position. Thomas J. Herzfeld Advisors Inc.'s holdings in MasTec were worth $3,486,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LPL Financial LLC raised its stake in shares of MasTec by 535.1% during the 1st quarter. LPL Financial LLC now owns 130,314 shares of the construction company's stock worth $15,209,000 after buying an additional 109,794 shares during the period. KBC Group NV lifted its holdings in MasTec by 10.6% in the 1st quarter. KBC Group NV now owns 2,773 shares of the construction company's stock valued at $324,000 after purchasing an additional 266 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in MasTec by 37.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company's stock valued at $1,915,000 after purchasing an additional 4,469 shares in the last quarter. GAMMA Investing LLC lifted its holdings in MasTec by 43.6% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the construction company's stock valued at $107,000 after purchasing an additional 278 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in MasTec by 33.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,253 shares of the construction company's stock valued at $263,000 after purchasing an additional 565 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Down 1.4%

NYSE:MTZ traded down $2.56 on Friday, hitting $181.89. 1,124,220 shares of the stock were exchanged, compared to its average volume of 1,037,383. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. MasTec, Inc. has a fifty-two week low of $96.01 and a fifty-two week high of $194.00. The stock has a market cap of $14.35 billion, a PE ratio of 53.81 and a beta of 1.83. The stock has a fifty day moving average of $176.36 and a 200-day moving average of $149.21.

MasTec (NYSE:MTZ - Get Free Report) last posted 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 return on equity of 12.71% and a net margin of 2.04%.The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The company's revenue for the quarter was up 19.7% compared to the same quarter last year. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. As a group, equities analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $33,993,575. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 101,349 shares of the company's stock, valued at $18,312,750.81. This represents a 8.98% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company's stock.

Analysts Set New Price Targets

MTZ has been the subject of a number of recent research reports. KeyCorp raised their target price on MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Stifel Nicolaus raised their price objective on MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. raised their target price on MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. TD Cowen lifted their price objective on MasTec from $175.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, The Goldman Sachs Group lifted their price objective on MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $195.12.

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.