Alliancebernstein L.P. Reduces Stake in MasTec, Inc. $MTZ

Key Points

• Alliancebernstein L.P. reduced its stake in MasTec, Inc. by 15.9%, owning approximately 1.22% of the company, valued at $112.35 million after selling 182,076 shares.
• Several hedge funds increased their positions in MasTec, with Rothschild Investment LLC boosting theirs by 2,023.1% during the first quarter.
• MasTec's stock is currently valued at $178.07 per share, having reported earnings per share of $1.49 in its last results, which beat analysts’ expectations.

Alliancebernstein L.P. lowered its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 962,650 shares of the construction company's stock after selling 182,076 shares during the period. Alliancebernstein L.P. owned approximately 1.22% of MasTec worth $112,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTZ. Colonial Trust Co SC boosted its position in shares of MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 141 shares during the period. Rothschild Investment LLC boosted its position in shares of MasTec by 2,023.1% during the first quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after buying an additional 263 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in shares of MasTec during the first quarter valued at approximately $35,000. Harbor Investment Advisory LLC boosted its position in shares of MasTec by 147.1% during the first quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after buying an additional 200 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of MasTec during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 78.10% of the company's stock.

Insider Buying and Selling at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of MasTec 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 completion of the sale, the chief operating officer directly owned 194,249 shares of the company's stock, valued at approximately $33,993,575. The trade was a 4.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $1,806,900.00. Following the sale, the executive vice president owned 101,349 shares in the company, valued at $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

MasTec Stock Down 2.4%

Shares of NYSE MTZ opened at $178.07 on Friday. The company has a 50 day simple moving average of $177.81 and a 200-day simple moving average of $151.01. The company has a market capitalization of $14.05 billion, a P/E ratio of 52.68 and a beta of 1.81. 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, Inc. has a 1 year low of $96.01 and a 1 year high of $194.00.

MasTec (NYSE:MTZ - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the firm earned $0.96 EPS. The firm's revenue for the quarter 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, equities research analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Baird R W upgraded MasTec from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Mizuho initiated coverage on MasTec in a report on Thursday. They set an "outperform" rating and a $215.00 target price for the company. Citigroup reduced their price target on MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. The Goldman Sachs Group upped their price target on MasTec from $195.00 to $227.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Jefferies Financial Group initiated coverage on MasTec in a research report on Friday, May 16th. They issued a "buy" rating and a $188.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $196.22.

MasTec Company 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.

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