Banco Santander S.A. Buys 12,005 Shares of MasTec, Inc. $MTZ

Banco Santander S.A. raised its stake in shares of MasTec, Inc. (NYSE:MTZ) by 32.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 49,566 shares of the construction company’s stock after acquiring an additional 12,005 shares during the period. Banco Santander S.A. owned approximately 0.06% of MasTec worth $8,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in MasTec by 13.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 52,105 shares of the construction company’s stock valued at $8,880,000 after acquiring an additional 6,369 shares during the period. Brighton Jones LLC lifted its stake in MasTec by 149.8% during the 2nd quarter. Brighton Jones LLC now owns 4,504 shares of the construction company’s stock valued at $768,000 after acquiring an additional 2,701 shares during the period. MQS Management LLC bought a new position in MasTec during the 2nd quarter valued at about $308,000. Leavell Investment Management Inc. lifted its stake in MasTec by 74.1% during the 2nd quarter. Leavell Investment Management Inc. now owns 7,050 shares of the construction company’s stock valued at $1,202,000 after acquiring an additional 3,000 shares during the period. Finally, Focus Partners Advisor Solutions LLC lifted its stake in shares of MasTec by 30.2% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 3,543 shares of the construction company’s stock worth $604,000 after purchasing an additional 822 shares during the period. Institutional investors own 78.10% of the company’s stock.

MasTec Trading Down 0.1%

MasTec stock opened at $211.73 on Tuesday. The firm has a 50 day moving average of $196.36 and a 200 day moving average of $172.04. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of 62.64 and a beta of 1.82. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $221.83. 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 (NYSE:MTZ) last released its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.08. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. As a group, research analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 2,000 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $210.39, for a total transaction of $420,780.00. Following the completion of the sale, the director directly owned 33,277 shares of the company’s stock, valued at $7,001,148.03. This trade represents a 5.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following 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 25,000 shares of company stock valued at $4,803,250 in the last three months. 21.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MTZ shares. Roth Capital increased their price objective on shares of MasTec from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Citigroup increased their price objective on shares of MasTec from $219.00 to $248.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. The Goldman Sachs Group increased their price objective on shares of MasTec from $195.00 to $227.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. DA Davidson set a $210.00 price objective on shares of MasTec and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MasTec in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, MasTec currently has an average rating of “Moderate Buy” and an average price target of $220.37.

MasTec 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.