MasTec (NYSE:MTZ) COO Sells $2,004,400.00 in Stock

Key Points

• Robert Apple, COO of MasTec, sold 10,000 shares of the company at an average price of $200.44, resulting in a total of $2,004,400, which reduced his ownership by 5.15% to 184,249 shares.
• MasTec reported an earnings per share (EPS) of $1.49 for the last quarter, exceeding analyst expectations of $1.41, with revenues reaching $3.55 billion.
• Several analysts have upgraded MasTec stock ratings recently, with an average target price set at $197.84, signaling continued confidence in the company's performance.

MasTec, Inc. (NYSE:MTZ - Get Free Report) COO Robert E. Apple sold 10,000 shares of the stock in a transaction on 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 in the company, valued at $36,930,869.56. This trade represents a 5.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

MasTec Price Performance

NYSE MTZ traded down $1.91 during trading hours on Tuesday, reaching $205.16. 406,895 shares of the stock traded hands, compared to its average volume of 1,028,693. The stock has a 50 day simple moving average of $182.49 and a two-hundred day simple moving average of $156.31. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $208.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. The company has a market cap of $16.19 billion, a price-to-earnings ratio of 60.57 and a beta of 1.81.

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 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 for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the business posted $0.96 earnings per share. 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, analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTZ. Truist Financial set a $209.00 price objective on MasTec in a research note on Monday, August 4th. Roth Capital assumed coverage on MasTec in a research note on Tuesday, July 1st. They issued a "buy" rating and a $210.00 target price on the stock. Mizuho assumed coverage on MasTec in a research note on Thursday, September 4th. They issued an "outperform" rating and a $215.00 target price on the stock. Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Finally, Citigroup cut their target price on MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $197.84.

Institutional Investors Weigh In On MasTec

Hedge funds have recently modified their holdings of the business. Caldwell Trust Co bought a new stake in shares of MasTec during the 2nd quarter valued at $29,000. Rothschild Investment LLC raised its position in shares of MasTec by 2,023.1% during the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after buying an additional 263 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of MasTec by 253.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company's stock valued at $33,000 after buying an additional 137 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of MasTec during the 1st quarter valued at about $35,000. Finally, Ameritas Advisory Services LLC bought a new position in MasTec during the 2nd quarter valued at about $35,000. Institutional investors own 78.10% 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.