Aventail Capital Group LP Decreases Stock Position in MasTec, Inc. $MTZ

Aventail Capital Group LP lessened its position in MasTec, Inc. (NYSE:MTZ) by 82.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,838 shares of the construction company’s stock after selling 85,893 shares during the quarter. Aventail Capital Group LP’s holdings in MasTec were worth $4,095,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Boothbay Fund Management LLC lifted its position in shares of MasTec by 317.6% in the fourth quarter. Boothbay Fund Management LLC now owns 47,124 shares of the construction company’s stock valued at $10,243,000 after acquiring an additional 35,840 shares in the last quarter. Altshuler Shaham Ltd lifted its position in MasTec by 4.4% during the fourth quarter. Altshuler Shaham Ltd now owns 5,240 shares of the construction company’s stock worth $1,139,000 after buying an additional 219 shares in the last quarter. Third Point LLC lifted its position in MasTec by 27.6% during the fourth quarter. Third Point LLC now owns 925,000 shares of the construction company’s stock worth $201,067,000 after buying an additional 200,000 shares in the last quarter. Coatue Management LLC purchased a new position in MasTec during the fourth quarter worth approximately $147,357,000. Finally, Tortoise Capital Advisors L.L.C. lifted its position in MasTec by 58.7% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 14,700 shares of the construction company’s stock worth $3,195,000 after buying an additional 5,436 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Insiders Place Their Bets

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the sale, the director owned 10,592 shares of the company’s stock, valued at $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on 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 directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,450 shares of company stock valued at $3,972,764 over the last quarter. 21.40% of the stock is owned by insiders.

MasTec Price Performance

MTZ stock opened at $375.28 on Thursday. The business has a fifty day moving average of $380.39 and a two-hundred day moving average of $301.96. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The stock has a market cap of $29.65 billion, a price-to-earnings ratio of 65.72 and a beta of 1.77. MasTec, Inc. has a 52-week low of $160.08 and a 52-week high of $441.43.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.41. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, research analysts anticipate that MasTec, Inc. will post 8.51 earnings per share for the current year.

Wall Street Analyst Weigh In

MTZ has been the topic of a number of analyst reports. Guggenheim upgraded MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price objective on the stock in a research report on Wednesday, May 13th. TD Cowen lifted their price objective on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating and set a $493.00 price objective on shares of MasTec in a research report on Monday, May 4th. The Goldman Sachs Group lifted their price objective on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Barclays lifted their price objective on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned 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 an average target price of $459.28.

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.