4,184 Shares in MasTec, Inc. $MTZ Acquired by Wright Investors Service Inc.

Key Points

• Wright Investors Service Inc. acquired 4,184 shares of MasTec, Inc., valued at approximately $713,000, during the second quarter.
• Insider transactions included C Robert Campbell selling 3,000 shares and Cardenas Alberto De selling 10,000 shares, indicating significant insider activity.
• MasTec reported a 19.7% increase in revenue year-over-year in its latest quarterly earnings, surpassing estimates with earnings per share of $1.49.

Wright Investors Service Inc. acquired a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,184 shares of the construction company's stock, valued at approximately $713,000.

Several other institutional investors have also modified their holdings of the company. Rothschild Investment LLC raised 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 valued at $32,000 after buying an additional 263 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MasTec during the first quarter worth $35,000. Harbor Investment Advisory LLC increased its holdings in shares of MasTec by 147.1% in the first quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in MasTec during the fourth quarter valued at approximately $49,000. Finally, Parallel Advisors LLC lifted its position in shares of MasTec by 37.1% in the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company's stock valued at $52,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MTZ shares. Roth Capital began coverage on MasTec in a research report on Tuesday, July 1st. They set a "buy" rating and a $210.00 price objective for the company. Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Wolfe Research upgraded MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 target price on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. increased their price target on MasTec from $180.00 to $214.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Finally, DA Davidson set a $210.00 price target on MasTec and gave the company a "buy" rating in a report on Monday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $197.84.

MasTec Trading Up 3.1%

NYSE:MTZ traded up $6.22 during trading hours on Monday, reaching $207.18. 857,226 shares of the stock were exchanged, compared to its average volume of 1,032,319. The company has a market capitalization of $16.35 billion, a price-to-earnings ratio of 61.30 and a beta of 1.81. The business has a 50-day moving average of $181.79 and a two-hundred day moving average of $155.67. 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 twelve month low of $99.70 and a twelve month high of $207.58.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly 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 return on equity of 12.71% and a net margin of 2.04%.The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company posted $0.96 earnings per share. The business's 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 predict that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Activity at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction 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 transaction, the director owned 35,277 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the transaction, the chief operating officer directly owned 184,249 shares of the company's stock, valued at $36,930,869.56. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,000 shares of company stock worth $6,132,470. 21.30% of the stock is owned by corporate 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.