Sequoia Financial Advisors LLC Acquires 776 Shares of MasTec, Inc. $MTZ

Sequoia Financial Advisors LLC increased its holdings in MasTec, Inc. (NYSE:MTZ) by 34.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,029 shares of the construction company’s stock after buying an additional 776 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in MasTec were worth $516,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Forum Financial Management LP increased its holdings in MasTec by 3.9% in the 1st quarter. Forum Financial Management LP now owns 2,097 shares of the construction company’s stock worth $245,000 after buying an additional 78 shares in the last quarter. Parallel Advisors LLC increased its holdings in MasTec by 37.1% in the 2nd quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock worth $52,000 after buying an additional 82 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in MasTec by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company’s stock worth $2,007,000 after buying an additional 100 shares in the last quarter. Securian Asset Management Inc. increased its holdings in MasTec by 2.2% in the 1st quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company’s stock worth $551,000 after buying an additional 100 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of MasTec by 16.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 743 shares of the construction company’s stock valued at $87,000 after purchasing an additional 104 shares during the period. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Up 1.7%

MTZ stock opened at $205.31 on Tuesday. MasTec, Inc. has a twelve month low of $99.70 and a twelve month high of $221.83. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The stock has a market cap of $16.20 billion, a P/E ratio of 60.74 and a beta of 1.82. The business’s 50-day moving average price is $193.72 and its 200-day moving average price is $168.76.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating 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 analysts’ expectations of $3.40 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business’s quarterly 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 forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Activity

In related news, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 184,249 shares of the company’s stock, valued at approximately $36,930,869.56. The trade was a 5.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $4,803,250 in the last ninety days. Corporate insiders own 21.30% of the company’s stock.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of recent research reports. Baird R W upgraded MasTec from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Jefferies Financial Group boosted their price target on MasTec from $218.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. UBS Group boosted their price target on MasTec from $206.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group boosted their price target on MasTec from $195.00 to $227.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Wolfe Research upgraded MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $220.37.

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.