SIR Capital Management L.P. Has $28.67 Million Holdings in MasTec, Inc. $MTZ

SIR Capital Management L.P. reduced its position in MasTec, Inc. (NYSE:MTZ) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 131,899 shares of the construction company’s stock after selling 2,889 shares during the period. MasTec accounts for 3.2% of SIR Capital Management L.P.’s portfolio, making the stock its 9th biggest position. SIR Capital Management L.P.’s holdings in MasTec were worth $28,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MTZ. Victory Capital Management Inc. raised its holdings in shares of MasTec by 9,550.8% in the third quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after acquiring an additional 936,747 shares in the last quarter. 140 Summer Partners LP bought a new stake in shares of MasTec in the third quarter valued at about $81,514,000. First Trust Advisors LP raised its holdings in shares of MasTec by 52.1% in the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after acquiring an additional 350,228 shares in the last quarter. Merewether Investment Management LP raised its holdings in shares of MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after acquiring an additional 324,500 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of MasTec by 71.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after acquiring an additional 304,358 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the sale, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the sale, the director owned 30,646 shares in the company, valued at $12,779,382. The trade was a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 10,450 shares of company stock worth $3,972,764. 21.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MTZ has been the subject of several recent research reports. Stifel Nicolaus set a $455.00 price objective on MasTec in a report on Monday, May 4th. Mizuho lifted their price objective on MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Truist Financial boosted their target price on shares of MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a report on Monday, May 4th. TD Cowen boosted their target price on shares of MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, CICC Research began coverage on shares of MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $459.28.

MasTec Stock Performance

Shares of MasTec stock opened at $362.63 on Friday. The company has a market capitalization of $28.66 billion, a PE ratio of 63.51 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The company has a 50-day simple moving average of $378.24 and a two-hundred day simple moving average of $297.85. MasTec, Inc. has a one year low of $159.77 and a one year high of $441.43.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm’s revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Research analysts expect that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

MasTec Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.