DRW Securities LLC Grows Holdings in MasTec, Inc. $MTZ

Key Points

• DRW Securities LLC increased its stake in MasTec, Inc. by 96.6%, acquiring an additional 11,879 shares, raising its holdings to 24,179 shares valued at approximately $2.82 million.
• MasTec reported a 19.7% year-over-year revenue increase to $3.55 billion for the latest quarter, exceeding analyst expectations with an EPS of $1.49, ahead of the consensus estimate of $1.41.
• The stock currently has a consensus buy rating from analysts, with targets ranging up to $227.00, suggesting strong confidence in the company's future performance.

DRW Securities LLC raised its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 96.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,179 shares of the construction company's stock after acquiring an additional 11,879 shares during the period. DRW Securities LLC's holdings in MasTec were worth $2,822,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MTZ. Balyasny Asset Management L.P. raised its holdings in MasTec by 137.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company's stock valued at $85,451,000 after acquiring an additional 363,502 shares during the last quarter. Merewether Investment Management LP purchased a new stake in shares of MasTec in the 4th quarter valued at approximately $46,612,000. Ameriprise Financial Inc. grew its stake in shares of MasTec by 171.2% in the 1st quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company's stock valued at $45,607,000 after buying an additional 246,666 shares during the period. Nuveen LLC purchased a new stake in shares of MasTec in the 1st quarter valued at approximately $21,208,000. Finally, Goodlander Investment Management LLC purchased a new stake in shares of MasTec in the 4th quarter valued at approximately $23,144,000. Institutional investors and hedge funds own 78.10% of the company's stock.

Insider Activity at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction that occurred 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 owned 194,249 shares in the company, valued at approximately $33,993,575. The trade was a 4.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $18,312,750.81. This represents a 8.98% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTZ. Roth Capital assumed coverage on shares of MasTec in a research note on Tuesday, July 1st. They issued a "buy" rating and a $210.00 price target for the company. Citigroup lowered their price objective on shares of MasTec from $220.00 to $219.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Stifel Nicolaus increased their price objective on shares of MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Truist Financial set a $209.00 price objective on shares of MasTec in a research report on Monday, August 4th. Finally, Barclays reaffirmed an "overweight" rating and set a $200.00 price objective (up previously from $145.00) on shares of MasTec in a research report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $196.22.

MasTec Stock Up 1.7%

NYSE MTZ traded up $3.02 on Thursday, hitting $182.52. 486,776 shares of the stock were exchanged, compared to its average volume of 1,030,567. 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, Inc. has a fifty-two week low of $96.01 and a fifty-two week high of $194.00. The company has a market cap of $14.40 billion, a PE ratio of 54.00 and a beta of 1.81. The company has a 50-day moving average price of $177.46 and a 200-day moving average price of $150.39.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm's revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Sell-side analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

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.