Banco Santander S.A. Boosts Stock Position in MasTec, Inc. $MTZ

Banco Santander S.A. lifted its holdings in MasTec, Inc. (NYSE:MTZ) by 32.0% in the second quarter, HoldingsChannel reports. The firm owned 49,566 shares of the construction company’s stock after purchasing an additional 12,005 shares during the quarter. Banco Santander S.A.’s holdings in MasTec were worth $8,448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTZ. Smallwood Wealth Investment Management LLC purchased a new position in shares of MasTec in the first quarter valued at $35,000. Ameritas Advisory Services LLC purchased a new position in shares of MasTec in the second quarter valued at $35,000. Farther Finance Advisors LLC grew its holdings 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. Cullen Frost Bankers Inc. purchased a new position in shares of MasTec in the second quarter valued at $49,000. Finally, Parallel Advisors LLC grew its holdings 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. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Down 0.1%

NYSE:MTZ opened at $211.73 on Tuesday. MasTec, Inc. has a twelve month low of $99.70 and a twelve month high of $221.83. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 62.64 and a beta of 1.82. The stock has a fifty day simple moving average of $196.36 and a 200-day simple moving average of $172.04. 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 earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MTZ shares. Baird R W raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. KeyCorp lifted their price objective on shares of MasTec from $205.00 to $236.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Stifel Nicolaus lifted their price objective 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. Robert W. Baird raised shares of MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a research note on Monday, August 4th. Finally, Wolfe Research raised shares of MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.37.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 2,000 shares of MasTec 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 completion of the sale, the director directly owned 33,277 shares in the company, valued at approximately $7,001,148.03. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec 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 sale, the executive vice president owned 101,349 shares of the company’s stock, valued at approximately $18,312,750.81. This trade represents 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 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is currently owned by insiders.

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.