Praxis Investment Management Inc. Purchases Shares of 2,270 MasTec, Inc. $MTZ

Praxis Investment Management Inc. purchased a new stake in MasTec, Inc. (NYSE:MTZ) during the second quarter, HoldingsChannel.com reports. The fund purchased 2,270 shares of the construction company’s stock, valued at approximately $387,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Forum Financial Management LP increased its position 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 worth $245,000 after purchasing an additional 78 shares in the last quarter. Parallel Advisors LLC increased its position in shares of MasTec by 37.1% during the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock worth $52,000 after purchasing an additional 82 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of MasTec by 4.9% during the second 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 in the last quarter. Louisiana State Employees Retirement System increased its position in shares of MasTec by 0.6% during the first 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 in the last quarter. Finally, Securian Asset Management Inc. increased its position 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 in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MasTec

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value of $1,806,900.00. Following the sale, the executive vice president owned 101,349 shares of the company’s stock, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 2,000 shares of MasTec stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $210.39, for a total value of $420,780.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $4,803,250. 21.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of MasTec in a research report on Wednesday, October 8th. Citigroup lifted their target price on MasTec from $219.00 to $248.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. KeyCorp lifted their target price on MasTec from $196.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wolfe Research upgraded MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Wednesday, September 17th. Finally, Roth Capital raised their price target on MasTec from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. 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 company’s stock. According to MarketBeat, MasTec currently has an average rating of “Moderate Buy” and a consensus price target of $216.63.

MasTec Stock Performance

NYSE MTZ opened at $202.01 on Friday. 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, Inc. has a 52-week low of $99.70 and a 52-week high of $221.83. The business’s 50-day moving average price is $193.19 and its 200 day moving average price is $167.67. The firm has a market cap of $15.94 billion, a P/E ratio of 59.77 and a beta of 1.82.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company posted $0.96 earnings per share. The business’s revenue 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, equities research analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current 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.