Appian Way Asset Management LP Takes Position in MasTec, Inc. $MTZ

Key Points

• Appian Way Asset Management LP has acquired a new position in MasTec, Inc. worth approximately $3.26 million, buying 27,952 shares which represent about 0.7% of its portfolio.
• Institutional investors and hedge funds collectively own 78.10% of MasTec's stock, indicating strong institutional interest in the company.
• MasTec recently reported earnings that beat estimates, with a 19.7% year-over-year revenue growth and an EPS of $1.49, surpassing the consensus estimate of $1.41.

Appian Way Asset Management LP acquired a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,952 shares of the construction company's stock, valued at approximately $3,262,000. MasTec accounts for about 0.7% of Appian Way Asset Management LP's holdings, making the stock its 19th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in MasTec during the 4th quarter valued at about $227,000. Stifel Financial Corp grew its stake in MasTec by 16.7% during the 4th quarter. Stifel Financial Corp now owns 11,788 shares of the construction company's stock valued at $1,605,000 after acquiring an additional 1,683 shares in the last quarter. Northern Trust Corp grew its stake in MasTec by 12.8% during the 4th quarter. Northern Trust Corp now owns 521,142 shares of the construction company's stock valued at $70,948,000 after acquiring an additional 59,130 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in MasTec during the 4th quarter valued at about $409,000. Finally, AXA S.A. purchased a new position in MasTec during the 4th quarter valued at about $213,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value of $1,806,900.00. Following the completion of the transaction, the executive vice president directly owned 101,349 shares of the company's stock, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total value of $1,750,000.00. Following the completion of the transaction, 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 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 Performance

MTZ traded down $4.45 on Friday, hitting $178.07. 1,119,821 shares of the stock traded hands, compared to its average volume of 1,033,836. The business has a fifty day moving average price of $177.81 and a two-hundred day moving average price of $151.01. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $14.05 billion, a PE ratio of 52.68 and a beta of 1.81. MasTec, Inc. has a 52 week low of $96.01 and a 52 week high of $194.00.

MasTec (NYSE:MTZ - Get Free Report) last issued its 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. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.MasTec's revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. On average, research analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MTZ has been the topic of several research reports. Citigroup dropped their target price on MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Truist Financial set a $209.00 price objective on shares of MasTec in a report on Monday, August 4th. Wall Street Zen raised shares of MasTec from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. 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 note on Thursday, August 7th. Finally, Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price 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.