Leavell Investment Management Inc. Acquires 3,000 Shares of MasTec, Inc. $MTZ

Leavell Investment Management Inc. grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 74.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,050 shares of the construction company’s stock after acquiring an additional 3,000 shares during the quarter. Leavell Investment Management Inc.’s holdings in MasTec were worth $1,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hill City Capital LP grew its position in MasTec by 0.7% in the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company’s stock worth $250,343,000 after purchasing an additional 15,000 shares during the period. Dimensional Fund Advisors LP increased its position in MasTec by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company’s stock valued at $142,331,000 after acquiring an additional 39,622 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in MasTec by 163.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock valued at $121,843,000 after acquiring an additional 648,184 shares during the period. AQR Capital Management LLC boosted its position in MasTec by 23.6% in the first quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock worth $106,234,000 after purchasing an additional 184,277 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of MasTec by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company’s stock valued at $65,440,000 after purchasing an additional 4,024 shares during the period. Institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling

In other news, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $200.44, for a total value of $2,004,400.00. Following the transaction, the chief operating officer 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $190.39, for a total transaction of $571,170.00. Following the transaction, the director directly owned 35,277 shares of the company’s stock, valued at $6,716,388.03. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock valued at $4,803,250. Corporate insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MTZ. Weiss Ratings reiterated a “hold (c)” rating on shares of MasTec in a research note on Saturday. KeyCorp increased their price target on shares of MasTec from $205.00 to $236.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. UBS Group boosted their price objective on shares of MasTec from $206.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Mizuho started coverage on MasTec in a research note on Thursday, September 4th. They issued an “outperform” rating and a $215.00 price objective for the company. Finally, Zacks Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.37.

MasTec Stock Up 3.3%

MTZ opened at $211.61 on Monday. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 62.61 and a beta of 1.82. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The firm’s fifty day moving average is $195.70 and its 200 day moving average is $171.41. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $221.83.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS 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 business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the firm earned $0.96 earnings per share. 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, sell-side analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

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.