MasTec, Inc. $MTZ Shares Sold by Claro Advisors LLC

Claro Advisors LLC lowered its position in shares of MasTec, Inc. (NYSE:MTZ) by 35.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,013 shares of the construction company’s stock after selling 1,649 shares during the quarter. Claro Advisors LLC’s holdings in MasTec were worth $514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Forum Financial Management LP raised its position in shares of MasTec by 3.9% during the 1st quarter. Forum Financial Management LP now owns 2,097 shares of the construction company’s stock worth $245,000 after purchasing an additional 78 shares during the period. Parallel Advisors LLC raised its position in shares of MasTec by 37.1% during the 2nd quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock worth $52,000 after purchasing an additional 82 shares during the period. Verdence Capital Advisors LLC raised its position in shares of MasTec by 4.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company’s stock worth $338,000 after purchasing an additional 93 shares during the period. Securian Asset Management Inc. raised its position in shares of MasTec by 2.2% during the 1st quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company’s stock worth $551,000 after purchasing an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of MasTec by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company’s stock worth $2,007,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of MTZ stock opened at $199.17 on Thursday. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $224.03. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 58.93 and a beta of 1.88. The business has a 50 day simple moving average of $200.59 and a 200 day simple moving average of $176.45. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. KeyCorp increased their price target on MasTec from $236.00 to $246.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Research cut MasTec from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Roth Capital increased their price target on MasTec from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Baird R W raised MasTec from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. Finally, Wall Street Zen lowered MasTec from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $229.44.

Insider Buying and Selling at MasTec

In other MasTec news, CAO Timothy Michael Love sold 1,929 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $206.15, for a total transaction of $397,663.35. Following the completion of the transaction, the chief accounting officer directly owned 9,757 shares of the company’s stock, valued at approximately $2,011,405.55. This trade represents a 16.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $190.39, for a total value of $571,170.00. Following the transaction, the director directly owned 35,277 shares of the company’s stock, valued at approximately $6,716,388.03. The trade was a 7.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,929 shares of company stock valued at $3,394,013. 21.30% of the stock is owned by corporate insiders.

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.