Sequoia Financial Advisors LLC Raises Stake in MasTec, Inc. $MTZ

Sequoia Financial Advisors LLC boosted its position in MasTec, Inc. (NYSE:MTZ) by 34.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,029 shares of the construction company’s stock after buying an additional 776 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in MasTec were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hill City Capital LP boosted its stake in MasTec by 0.7% in the first quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company’s stock worth $250,343,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MasTec by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company’s stock valued at $142,331,000 after purchasing an additional 39,622 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of MasTec by 163.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock valued at $121,843,000 after purchasing an additional 648,184 shares during the period. AQR Capital Management LLC boosted its stake in shares of MasTec by 23.6% during the first quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock valued at $106,234,000 after purchasing an additional 184,277 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of MasTec by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company’s stock valued at $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.

Insider Transactions at MasTec

In other 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 transaction, the chief operating officer owned 184,249 shares of the company’s stock, valued at $36,930,869.56. The trade was a 5.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec 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 transaction, the director directly owned 35,277 shares of the company’s stock, valued at approximately $6,716,388.03. This represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,803,250 in the last quarter. 21.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MTZ shares. Roth Capital increased their price objective on MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. KeyCorp increased their price objective on MasTec from $205.00 to $236.00 and gave the company an “overweight” rating in a research note on Monday. Guggenheim reissued a “neutral” rating and set a $215.00 price objective on shares of MasTec in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MasTec in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price target on MasTec from $198.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $220.37.

MasTec Stock Performance

Shares of MasTec stock opened at $205.31 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $16.20 billion, a P/E ratio of 60.74 and a beta of 1.82. The business has a fifty day simple moving average of $193.72 and a two-hundred day simple moving average of $168.76. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $221.83.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.41 by $0.08. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. 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 fiscal 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.