Verdence Capital Advisors LLC Grows Stock Position in MasTec, Inc. $MTZ

Verdence Capital Advisors LLC boosted its position in MasTec, Inc. (NYSE:MTZ) by 4.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,982 shares of the construction company’s stock after purchasing an additional 93 shares during the period. Verdence Capital Advisors LLC’s holdings in MasTec were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in MasTec in the second quarter worth $35,000. Farther Finance Advisors LLC grew its position 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 purchasing an additional 192 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of MasTec in the first quarter valued at $35,000. Parallel Advisors LLC grew its position in shares of MasTec by 37.1% in the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock valued at $52,000 after purchasing an additional 82 shares in the last quarter. Finally, Rise Advisors LLC grew its position in shares of MasTec by 24.9% in the second quarter. Rise Advisors LLC now owns 667 shares of the construction company’s stock valued at $114,000 after purchasing an additional 133 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Price Performance

NYSE:MTZ opened at $204.44 on Thursday. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of 60.49 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 stock has a fifty day moving average of $192.37 and a 200 day moving average of $166.19. 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 data 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 company 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 firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. On average, research analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the sale, the chief operating officer directly owned 184,249 shares of the company’s stock, valued at approximately $36,930,869.56. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,803,250 over the last 90 days. Insiders own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MTZ shares. Roth Capital lifted their price target on MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. lifted their price target on MasTec from $180.00 to $214.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. UBS Group lifted their price target on MasTec from $206.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Guggenheim reiterated a “neutral” rating and issued a $215.00 price target on shares of MasTec in a research report on Wednesday. Finally, Zacks Research cut MasTec from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $215.53.

About MasTec

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.