MasTec, Inc. $MTZ Shares Sold by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has significantly reduced its holdings in MasTec, Inc. by 48.8%, selling 13,248 shares and retaining a total of 13,899 shares worth approximately $1.62 million.
• MasTec reported earnings of $1.49 per share for the quarter, exceeding estimates, with revenue increasing by 19.7% year-over-year to $3.55 billion.
• Several hedge funds have increased their positions in MasTec, with institutional investors owning 78.10% of the company's stock, highlighting strong interest from financial institutions.

Graham Capital Management L.P. reduced its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 48.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,899 shares of the construction company's stock after selling 13,248 shares during the period. Graham Capital Management L.P.'s holdings in MasTec were worth $1,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTZ. Forum Financial Management LP raised its stake in MasTec by 3.9% during the first quarter. Forum Financial Management LP now owns 2,097 shares of the construction company's stock worth $245,000 after acquiring an additional 78 shares during the period. Louisiana State Employees Retirement System raised its stake in MasTec by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company's stock worth $2,007,000 after acquiring an additional 100 shares during the period. Securian Asset Management Inc. raised its stake in MasTec by 2.2% during the first quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company's stock worth $551,000 after acquiring an additional 100 shares during the period. Nisa Investment Advisors LLC raised its stake in MasTec by 16.3% during the first quarter. Nisa Investment Advisors LLC now owns 743 shares of the construction company's stock worth $87,000 after acquiring an additional 104 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in MasTec by 3.4% during the first quarter. Avantax Advisory Services Inc. now owns 3,721 shares of the construction company's stock worth $434,000 after acquiring an additional 121 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Price Performance

NYSE:MTZ traded down $4.45 during midday trading on Friday, hitting $178.07. 1,119,821 shares of the stock were exchanged, compared to its average volume of 798,928. MasTec, Inc. has a one year low of $96.01 and a one year high of $194.00. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 52.68 and a beta of 1.81. The business has a 50-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.

MasTec (NYSE:MTZ - Get Free Report) last announced its 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. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The firm's quarterly 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. Sell-side analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MTZ shares. Roth Capital started coverage on shares of MasTec in a research note on Tuesday, July 1st. They set a "buy" rating and a $210.00 price objective on the stock. Barclays reiterated an "overweight" rating and set a $200.00 price objective (up previously from $145.00) on shares of MasTec in a research note on Monday, July 21st. Citigroup dropped their price target on shares of MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their price target on shares of MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Finally, DA Davidson set a $210.00 price target on shares of MasTec and gave the company a "buy" rating in a research note on Monday, August 4th. Three equities research 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 stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $196.22.

Insider Activity at MasTec

In related news, 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. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the business's 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 sale, the chief operating officer directly owned 194,249 shares in the company, valued at approximately $33,993,575. The trade was a 4.90% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by insiders.

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.