1,371 Shares in MasTec, Inc. $MTZ Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new position in MasTec, Inc. (NYSE:MTZ) in the second quarter, HoldingsChannel reports. The firm bought 1,371 shares of the construction company’s stock, valued at approximately $234,000.

Other large investors have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in MasTec in the first quarter worth $35,000. Ameritas Advisory Services LLC bought a new position in MasTec during the second quarter valued at $35,000. Farther Finance Advisors LLC raised its stake in shares of MasTec by 228.6% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the construction company’s stock valued at $47,000 after acquiring an additional 192 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of MasTec in the 2nd quarter worth about $49,000. Finally, Parallel Advisors LLC boosted its stake in shares of MasTec by 37.1% during the 2nd quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock worth $52,000 after purchasing an additional 82 shares during the period. Institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MTZ. Jefferies Financial Group increased their price objective on shares of MasTec from $218.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Citigroup upped their target price on MasTec from $219.00 to $248.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. increased their price target on MasTec from $214.00 to $235.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Roth Capital boosted their price objective on MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $221.89.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 2,000 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $210.39, for a total transaction of $420,780.00. Following the transaction, the director directly owned 33,277 shares in the company, valued at $7,001,148.03. This represents a 5.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the transaction, the executive vice president directly owned 101,349 shares in the company, valued at $18,312,750.81. This trade represents a 8.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 25,000 shares of company stock valued at $4,803,250 over the last three months. 21.30% of the stock is owned by company insiders.

MasTec Stock Up 0.2%

Shares of NYSE:MTZ opened at $212.34 on Wednesday. The business’s 50 day moving average is $197.11 and its 200 day moving average is $172.71. The stock has a market cap of $16.76 billion, a P/E ratio of 62.82 and a beta of 1.82. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $221.83. 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 (NYSE:MTZ) last issued its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.40 billion. During the same period in the prior year, the business earned $0.96 EPS. The business’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. Sell-side analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

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.