MasTec, Inc. $MTZ Position Increased by First Dallas Securities Inc.

by · The Cerbat Gem

First Dallas Securities Inc. raised its holdings in shares of MasTec, Inc. (NYSE:MTZ – Free Report) by 16.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,850 shares of the construction company’s stock after buying an additional 1,250 shares during the period. First Dallas Securities Inc.’s holdings in MasTec were worth $1,033,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MTZ. Brighton Jones LLC bought a new stake in MasTec during the fourth quarter worth approximately $227,000. Mercer Global Advisors Inc. ADV acquired a new position in MasTec in the 4th quarter worth approximately $409,000. AXA S.A. acquired a new position in MasTec in the 4th quarter worth approximately $213,000. Ameriprise Financial Inc. boosted its stake in MasTec by 39.1% in the 4th quarter. Ameriprise Financial Inc. now owns 144,098 shares of the construction company’s stock worth $19,618,000 after purchasing an additional 40,483 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in MasTec by 32.2% in the 4th quarter. BNP Paribas Financial Markets now owns 38,053 shares of the construction company’s stock worth $5,181,000 after purchasing an additional 9,261 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MTZ. KeyCorp raised their price objective on shares of MasTec from $196.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. DA Davidson set a $210.00 price objective on shares of MasTec and gave the stock a “buy” rating in a research note on Monday, August 4th. Jefferies Financial Group began coverage on shares of MasTec in a research note on Friday, May 16th. They issued a “buy” rating and a $188.00 price objective for the company. Barclays reaffirmed an “overweight” rating and issued a $200.00 price objective (up previously from $145.00) on shares of MasTec in a research note on Monday, July 21st. Finally, TD Cowen raised their price objective on shares of MasTec from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, MasTec has a consensus rating of “Buy” and a consensus price target of $196.22.

View Our Latest Stock Report on MTZ

MasTec Trading Down 2.4%

Shares of NYSE:MTZ opened at $178.07 on Monday. The firm has a fifty day moving average of $177.81 and a two-hundred day moving average of $151.25. The firm has a market capitalization of $14.05 billion, a P/E ratio of 52.68 and a beta of 1.81. MasTec, Inc. has a 12-month low of $96.01 and a 12-month high of $194.00. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70.

MasTec (NYSE:MTZ – Get Free Report) last issued 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 company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the firm posted $0.96 EPS. The business’s revenue 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. On average, equities analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Activity

In other news, EVP Cardenas Alberto De sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the transaction, the executive vice president owned 101,349 shares in the company, valued at approximately $18,312,750.81. This trade 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, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the transaction, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. This represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company’s stock.

MasTec Profile

(Free Report)

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.

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