Samlyn Capital LLC Has $47.41 Million Position in MasTec, Inc. $MTZ

Key Points

• Samlyn Capital LLC increased its stake in MasTec, Inc. by 8.3%, acquiring an additional 31,172 shares, now owning approximately 0.51% of the company worth $47.4 million.
• Analyst ratings for MasTec are generally optimistic, with three analysts rating it as a Strong Buy and a consensus average price target of $196.22.
• MasTec reported better-than-expected earnings, with $1.49 EPS for the last quarter, exceeding estimates and indicating a 19.7% year-over-year revenue growth.

Samlyn Capital LLC boosted its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 8.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,229 shares of the construction company's stock after acquiring an additional 31,172 shares during the quarter. Samlyn Capital LLC owned 0.51% of MasTec worth $47,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTZ. Brighton Jones LLC acquired a new stake in shares of MasTec during the 4th quarter worth about $227,000. Mercer Global Advisors Inc. ADV bought a new stake in MasTec during the fourth quarter worth about $409,000. AXA S.A. acquired a new stake in shares of MasTec during the fourth quarter worth approximately $213,000. Ameriprise Financial Inc. raised its stake in shares of MasTec by 39.1% in the fourth quarter. Ameriprise Financial Inc. now owns 144,098 shares of the construction company's stock valued at $19,618,000 after acquiring an additional 40,483 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of MasTec by 32.2% in the fourth quarter. BNP Paribas Financial Markets now owns 38,053 shares of the construction company's stock valued at $5,181,000 after acquiring an additional 9,261 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MTZ. The Goldman Sachs Group increased their price target on MasTec from $195.00 to $227.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Citigroup decreased their target price on MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Roth Capital started coverage on MasTec in a report on Tuesday, July 1st. They issued a "buy" rating and a $210.00 price target for the company. Wall Street Zen raised shares of MasTec from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Jefferies Financial Group started coverage on shares of MasTec in a research report on Friday, May 16th. They issued a "buy" rating and a $188.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $196.22.

Insiders Place Their Bets

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction on 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. The trade was a 4.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction on 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 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 disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

MasTec Trading Down 0.4%

MTZ stock traded down $0.85 during midday trading on Thursday, reaching $189.27. The stock had a trading volume of 1,220,480 shares, compared to its average volume of 1,034,319. The firm has a market cap of $14.94 billion, a price-to-earnings ratio of 56.00 and a beta of 1.81. MasTec, Inc. has a twelve month low of $99.70 and a twelve month high of $194.00. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $178.48 and a two-hundred day simple moving average of $152.03.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm earned $0.96 EPS. The company's revenue for the quarter was up 19.7% on a year-over-year basis. 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 expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

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.