Leavell Investment Management Inc. Acquires 3,000 Shares of MasTec, Inc. $MTZ

Leavell Investment Management Inc. grew its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 74.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,050 shares of the construction company’s stock after buying an additional 3,000 shares during the quarter. Leavell Investment Management Inc.’s holdings in MasTec were worth $1,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTZ. LPL Financial LLC raised its position in MasTec by 535.1% during the first quarter. LPL Financial LLC now owns 130,314 shares of the construction company’s stock valued at $15,209,000 after purchasing an additional 109,794 shares during the period. KBC Group NV increased its position in shares of MasTec by 10.6% during the 1st quarter. KBC Group NV now owns 2,773 shares of the construction company’s stock valued at $324,000 after purchasing an additional 266 shares during the last quarter. Voya Investment Management LLC lifted its position in MasTec by 33.1% in the first quarter. Voya Investment Management LLC now owns 46,446 shares of the construction company’s stock worth $5,421,000 after buying an additional 11,551 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in MasTec by 37.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company’s stock valued at $1,915,000 after acquiring an additional 4,469 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of MasTec by 43.6% during the 1st quarter. GAMMA Investing LLC now owns 915 shares of the construction company’s stock worth $107,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other news, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total value of $1,806,900.00. Following the transaction, the executive vice president owned 101,349 shares of the company’s stock, valued at $18,312,750.81. The trade was a 8.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the director directly owned 33,277 shares of the company’s stock, valued at $7,001,148.03. The trade was a 5.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock valued at $4,803,250. 21.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. 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. Robert W. Baird upgraded MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a report on Monday, August 4th. Jefferies Financial Group lifted their target price on MasTec from $218.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Barclays raised their price target on shares of MasTec from $200.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Guggenheim restated a “neutral” rating and issued a $215.00 target price on shares of MasTec in a research note on Wednesday, October 15th. Two research 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.37.

MasTec Price Performance

NYSE MTZ opened at $211.61 on Monday. The company has a market cap of $16.70 billion, a PE ratio of 62.61 and a beta of 1.82. The firm’s 50 day moving average price is $195.70 and its 200-day moving average price is $171.41. 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, Inc. has a 52-week low of $99.70 and a 52-week high of $221.83.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.08. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $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. Sell-side analysts forecast 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.