Concurrent Investment Advisors LLC Has $722,000 Holdings in MasTec, Inc. $MTZ

Concurrent Investment Advisors LLC trimmed its stake in shares of MasTec, Inc. (NYSE:MTZ) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,239 shares of the construction company’s stock after selling 238 shares during the period. Concurrent Investment Advisors LLC’s holdings in MasTec were worth $722,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC bought a new position in MasTec in the 4th quarter worth approximately $227,000. GAMMA Investing LLC boosted its position in MasTec by 43.6% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the construction company’s stock valued at $107,000 after buying an additional 278 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of MasTec by 21.8% in the 1st quarter. Fifth Third Bancorp now owns 704 shares of the construction company’s stock valued at $82,000 after buying an additional 126 shares during the period. Ritholtz Wealth Management raised its position in shares of MasTec by 108.1% during the first quarter. Ritholtz Wealth Management now owns 3,673 shares of the construction company’s stock worth $429,000 after acquiring an additional 1,908 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of MasTec by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 7,213 shares of the construction company’s stock valued at $841,000 after acquiring an additional 190 shares during the period. 78.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction that occurred on 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 directly owned 101,349 shares of the company’s stock, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 33,277 shares in the company, valued at $7,001,148.03. This trade represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $4,803,250 over the last ninety days. 21.30% of the stock is currently owned by corporate insiders.

MasTec Stock Down 0.4%

Shares of NYSE:MTZ opened at $203.66 on Friday. The company has a 50 day moving average price of $192.78 and a two-hundred day moving average price of $166.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The company has a market capitalization of $16.07 billion, a PE ratio of 60.25 and a beta of 1.82. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $221.83.

MasTec (NYSE:MTZ) last announced its quarterly 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. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The firm’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. Analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTZ. Guggenheim reiterated a “neutral” rating and issued a $215.00 price objective on shares of MasTec in a research report on Wednesday. Stifel Nicolaus boosted their price target on shares of MasTec from $198.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Roth Capital increased their price objective on shares of MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. UBS Group lifted their target price on shares of MasTec from $206.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, Citigroup upped their target price on shares of MasTec from $219.00 to $248.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $216.63.

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.