Hantz Financial Services Inc. Grows Stock Holdings in MasTec, Inc. $MTZ

Hantz Financial Services Inc. increased its stake in shares of MasTec, Inc. (NYSE:MTZ) by 914.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 639 shares of the construction company’s stock after buying an additional 576 shares during the period. Hantz Financial Services Inc.’s holdings in MasTec were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP boosted its position in shares of 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 boosted its position in shares of 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. Verdence Capital Advisors LLC boosted its position in shares of MasTec by 4.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company’s stock worth $338,000 after buying an additional 93 shares in the last quarter. Securian Asset Management Inc. boosted its position in shares of 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, Louisiana State Employees Retirement System boosted its position in shares of 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. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MTZ. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $214.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Wolfe Research upgraded shares of MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research report on Wednesday, September 17th. Roth Capital boosted their price objective on shares of MasTec from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Barclays boosted their target price on shares of MasTec from $200.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and an average target price of $229.44.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $190.39, for a total transaction of $571,170.00. Following the completion of the transaction, the director owned 35,277 shares of the company’s stock, valued at $6,716,388.03. This represents a 7.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $200.44, for a total transaction 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. This represents a 5.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 15,000 shares of company stock valued at $2,996,350. Corporate insiders own 21.30% of the company’s stock.

MasTec Trading Down 1.1%

NYSE MTZ opened at $201.90 on Tuesday. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $224.03. The company has a 50-day moving average of $199.95 and a 200-day moving average of $175.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. The company has a market cap of $15.93 billion, a P/E ratio of 59.73 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.17. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the company posted $1.63 EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. MasTec has set its FY 2025 guidance at 6.400-6.400 EPS. As a group, equities analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current 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.