MasTec, Inc. $MTZ Shares Bought by Makena Capital Management LLC

Key Points

• Makena Capital Management LLC increased its stake in MasTec, Inc. by 123.1%, owning a total of 175,618 shares valued at approximately $20.5 million.
• Analysts have shown strong confidence in MasTec, with 15 buy ratings and a target price increase, raising the average target price to $195.12.
• Insider transactions included the sale of 10,000 shares each by the EVP and COO, reflecting changes in ownership percentages amidst their active trading.

Makena Capital Management LLC grew its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 123.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,618 shares of the construction company's stock after buying an additional 96,911 shares during the period. MasTec accounts for 2.1% of Makena Capital Management LLC's investment portfolio, making the stock its 14th largest holding. Makena Capital Management LLC owned about 0.22% of MasTec worth $20,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Colonial Trust Co SC boosted its holdings in shares of MasTec by 335.7% in the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 141 shares in the last quarter. Rothschild Investment LLC raised its position in MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after purchasing an additional 263 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in MasTec in the 1st quarter valued at $35,000. Harbor Investment Advisory LLC raised its position in MasTec by 147.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in MasTec in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Stock Performance

MasTec stock traded up $1.17 during trading hours on Thursday, reaching $173.68. 772,209 shares of the stock were exchanged, compared to its average volume of 1,044,452. The stock has a market cap of $13.71 billion, a P/E ratio of 51.38 and a beta of 1.83. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. MasTec, Inc. has a 52-week low of $96.01 and a 52-week high of $194.00. The firm's 50 day moving average is $174.48 and its 200 day moving average is $147.68.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. The company had revenue of $3.55 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the firm'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 completion of the transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Company insiders own 21.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MTZ. Stifel Nicolaus upped their price target on shares of MasTec from $181.00 to $198.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Roth Capital began coverage on shares of MasTec in a research report on Tuesday, July 1st. They issued a "buy" rating and a $210.00 price target for the company. Citigroup reduced their price target 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. Baird R W upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of MasTec from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $195.12.

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.