Hill City Capital LP Buys 15,000 Shares of MasTec, Inc. $MTZ

Key Points

• Hill City Capital LP increased its stake in MasTec, Inc. by 0.7%, making it the largest position in their portfolio, which now accounts for 18.6% of their investments.
• Wall Street analysts are optimistic about MasTec, with multiple firms raising their price targets, including even a buy rating from Jefferies and a new target of $214 from JPMorgan Chase & Co.
• MasTec reported a 19.7% year-over-year increase in revenue with earnings per share of $1.49 for the last quarter, exceeding analysts' expectations.

Hill City Capital LP grew its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,145,000 shares of the construction company's stock after acquiring an additional 15,000 shares during the period. MasTec comprises approximately 18.6% of Hill City Capital LP's holdings, making the stock its biggest position. Hill City Capital LP owned 2.72% of MasTec worth $250,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Colonial Trust Co SC grew its holdings in MasTec by 335.7% during the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock worth $25,000 after acquiring an additional 141 shares in the last quarter. Rothschild Investment LLC grew its holdings in MasTec by 2,023.1% during the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after acquiring an additional 263 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in MasTec during the 1st quarter worth $35,000. Harbor Investment Advisory LLC grew its holdings in MasTec by 147.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in MasTec during the 4th quarter worth $49,000. 78.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup decreased their price objective on shares of MasTec from $220.00 to $219.00 and set a "buy" rating for the company in a report on Monday, August 4th. Roth Capital assumed coverage on shares of MasTec in a report on Tuesday, July 1st. They set a "buy" rating and a $210.00 price objective for the company. KeyCorp raised their price target on shares of MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. DA Davidson set a $210.00 price target on shares of MasTec and gave the stock a "buy" rating in a research report on Monday, August 4th. Finally, Baird R W upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, MasTec has an average rating of "Buy" and a consensus target price of $195.12.

MasTec Stock Performance

NYSE:MTZ traded down $2.56 during mid-day trading on Friday, hitting $181.89. The stock had a trading volume of 1,124,245 shares, compared to its average volume of 1,019,811. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 53.81 and a beta of 1.83. The company has a 50 day simple moving average of $176.73 and a 200-day simple moving average of $149.57. MasTec, Inc. has a 52 week low of $96.01 and a 52 week 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.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating 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%. MasTec's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period 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. On average, research analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total value of $1,806,900.00. Following the sale, the executive vice president directly owned 101,349 shares in the company, valued at $18,312,750.81. This trade represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of MasTec 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 completion of the sale, the chief operating officer owned 194,249 shares in the company, valued at approximately $33,993,575. This represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

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.