Interval Partners LP Sells 40,803 Shares of MasTec, Inc. $MTZ

Key Points

• Interval Partners LP has reduced its stake in MasTec, Inc. by 71.4%, now holding a position valued at approximately $1.90 million after selling over 40,000 shares.
• MasTec reported a significant 19.7% increase in revenue compared to the previous year, with earnings per share (EPS) of $1.49, surpassing estimates.
• Analysts have shown confidence in MasTec, with several upgrades to a strong-buy rating and an average price target of $196.22 per share.

Interval Partners LP reduced its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 71.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,310 shares of the construction company's stock after selling 40,803 shares during the period. Interval Partners LP's holdings in MasTec were worth $1,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTZ. Forum Financial Management LP lifted its position in shares of 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 purchasing an additional 78 shares during the last quarter. 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.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TD Cowen raised their price objective on shares of MasTec from $175.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, August 4th. The Goldman Sachs Group raised their price objective on shares of MasTec from $195.00 to $227.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Robert W. Baird raised shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a research note on Monday, August 4th. Truist Financial set a $209.00 price target on shares of MasTec in a report on Monday, August 4th. Finally, Barclays restated an "overweight" rating and set a $200.00 price target (up previously from $145.00) on shares of MasTec in a report on Monday, July 21st. Three 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $196.22.

Insider Activity

In other news, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the transaction, the executive vice president owned 101,349 shares in the company, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 21.30% of the company's stock.

MasTec Stock Performance

MTZ traded up $0.31 during trading on Thursday, hitting $190.43. The stock had a trading volume of 335,955 shares, compared to its average volume of 1,029,084. The firm has a market cap of $15.03 billion, a PE ratio of 56.25 and a beta of 1.81. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $194.00. 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 company has a 50 day simple moving average of $178.48 and a 200-day simple moving average of $152.03.

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. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm 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. Analysts expect that MasTec, Inc. will post 3.44 EPS for the current year.

MasTec 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.