Moody Aldrich Partners LLC Buys Shares of 1,220 MasTec, Inc. $MTZ

Moody Aldrich Partners LLC purchased a new position in shares of MasTec, Inc. (NYSE:MTZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,220 shares of the construction company’s stock, valued at approximately $208,000.

A number of other institutional investors have also modified their holdings of MTZ. Forum Financial Management LP lifted its stake in shares of MasTec by 3.9% during the first quarter. Forum Financial Management LP now owns 2,097 shares of the construction company’s stock valued at $245,000 after buying an additional 78 shares during the period. Parallel Advisors LLC raised its holdings in MasTec by 37.1% in the 2nd quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock valued at $52,000 after acquiring an additional 82 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of MasTec by 4.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company’s stock worth $338,000 after purchasing an additional 93 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of MasTec by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company’s stock worth $2,007,000 after purchasing an additional 100 shares during the period. Finally, Securian Asset Management Inc. boosted its holdings in shares of MasTec by 2.2% during the first quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company’s stock worth $551,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MTZ shares. TD Cowen upped their target price on MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Citigroup lifted their price target on MasTec from $219.00 to $248.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Jefferies Financial Group upped their price objective on shares of MasTec from $218.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Roth Capital raised their target price on shares of MasTec from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, KeyCorp upped their price target on shares of MasTec from $205.00 to $236.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.89.

MasTec Stock Down 4.3%

Shares of NYSE:MTZ opened at $204.66 on Friday. The stock has a 50-day simple moving average of $199.45 and a 200-day simple moving average of $174.33. The stock has a market capitalization of $16.15 billion, a P/E ratio of 60.55 and a beta of 1.82. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $224.03. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.31 by $0.17. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the firm posted $1.63 earnings per share. MasTec’s revenue for the quarter was up 22.0% compared to the same quarter last year. MasTec has set its FY 2025 guidance at 6.400-6.400 EPS. Equities analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer directly owned 184,249 shares of the company’s stock, valued at approximately $36,930,869.56. This represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were 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 in the company, valued at $6,716,388.03. This trade represents a 7.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is currently owned by corporate insiders.

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.