MasTec, Inc. $MTZ is Paradoxiom Capital L.P.'s 10th Largest Position

Key Points

• Paradoxiom Capital L.P. has reduced its stake in MasTec, Inc. by 38.5%, now holding 41,093 shares, which makes it the 10th largest position in their portfolio.
• Wall Street analysts are optimistic about MasTec, with multiple firms raising their price targets, including Stifel Nicolaus and Mizuho, who set targets of $198.00 and $215.00 respectively, while the average rating for the stock remains at "Buy".
• MasTec reported a net revenue of $3.55 billion for the last quarter, exceeding analyst expectations, and showed significant year-over-year growth with earnings per share beating estimates as well.

Paradoxiom Capital L.P. decreased its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 38.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,093 shares of the construction company's stock after selling 25,680 shares during the quarter. MasTec accounts for about 3.1% of Paradoxiom Capital L.P.'s holdings, making the stock its 10th biggest holding. Paradoxiom Capital L.P. owned about 0.05% of MasTec worth $4,796,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Forum Financial Management LP grew its position in MasTec by 3.9% during the 1st 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 boosted its stake in shares of 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 buying an additional 100 shares during the period. Securian Asset Management Inc. boosted its stake in shares of 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 buying an additional 100 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of 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 buying an additional 104 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in MasTec by 3.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,721 shares of the construction company's stock valued at $434,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Price Performance

NYSE:MTZ traded down $0.85 during trading hours on Thursday, hitting $189.27. The company's stock had a trading volume of 1,220,480 shares, compared to its average volume of 1,034,319. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $194.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The business's 50-day moving average is $178.48 and its two-hundred day moving average is $152.03. The company has a market capitalization of $14.94 billion, a PE ratio of 56.00 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. The business had revenue of $3.55 billion for 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 business's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Activity at MasTec

In other news, 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer owned 194,249 shares of the company's stock, valued at $33,993,575. This trade represents 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 owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on MTZ shares. Citigroup decreased their price objective on MasTec from $220.00 to $219.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Jefferies Financial Group initiated coverage on MasTec in a research note on Friday, May 16th. They set a "buy" rating and a $188.00 price target for the company. TD Cowen increased their price target on MasTec from $175.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective 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, Stifel Nicolaus upped 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. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $196.22.

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.