DMC Group LLC Sells 622 Shares of MasTec, Inc. $MTZ

DMC Group LLC lowered its position in MasTec, Inc. (NYSE:MTZ) by 30.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,402 shares of the construction company’s stock after selling 622 shares during the period. DMC Group LLC’s holdings in MasTec were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of MasTec during the 1st quarter worth approximately $35,000. Ameritas Advisory Services LLC bought a new stake in shares of MasTec during the 2nd quarter worth approximately $35,000. Farther Finance Advisors LLC lifted its position in shares of MasTec by 228.6% during the second quarter. Farther Finance Advisors LLC now owns 276 shares of the construction company’s stock worth $47,000 after purchasing an additional 192 shares during the last quarter. Parallel Advisors LLC lifted 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 during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of MasTec by 21.8% during the first quarter. Fifth Third Bancorp now owns 704 shares of the construction company’s stock worth $82,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other news, Director C Robert Campbell sold 2,000 shares of the company’s stock in a transaction on Monday, September 29th. The stock was 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 of the company’s stock, valued at approximately $7,001,148.03. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $6,553,250. 21.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MTZ shares. Stifel Nicolaus lifted their price objective on shares of MasTec from $181.00 to $198.00 and gave the company a “buy” rating in a report on Monday, August 4th. Baird R W raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Robert W. Baird raised shares of MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 price target for the company in a research note on Monday, August 4th. Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Mizuho started coverage on MasTec in a research report on Thursday, September 4th. They set an “outperform” rating and a $215.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $210.37.

MasTec Stock Down 1.7%

Shares of NYSE MTZ opened at $213.20 on Wednesday. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $221.83. The stock’s fifty day simple moving average is $189.44 and its two-hundred day simple moving average is $163.03. The stock has a market capitalization of $16.82 billion, a PE ratio of 63.08 and a beta of 1.82. 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 quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. The firm 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 business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company 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, analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal 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.