Hedge fund billionaire Daniel Loeb reshuffled his exposure in the construction &amp; engineering industry at Third Point LLC in the fourth quarter of FY25.



The investor opened a new position in APi Group Corporation (NYSE:APG), acquiring 3,000,000 shares in the quarter.



Also, the fund boosted its position in MasTec, Inc. (NYSE:MTZ) by 200,000 shares, bringing its total to 925,000.



Meanwhile, as of Dec. 31, 2025, the fund slashed shares in Comfort Systems USA, Inc. (NYSE:FIX) by 47% to 105,000.



<h2>APG: Recent Key Events</h2>



<ul>
<li>APi Group reported first-quarter EPS of 32 cents, beating analyst estimates of 30 cents and rising 28% year over year (Y/Y). Revenue increased 15.3% Y/Y to $1.98 billion, ahead of the $1.92 billion consensus estimate.</li>



<li>The company raised its FY2026 revenue guidance to $8.48 billion–$8.68 billion from the prior range of $8.40 billion–$8.60 billion, compared with analyst estimates of $8.53 billion.</li>



<li>The company also forecast second-quarter revenue of $2.18 billion–$2.23 billion, above the consensus estimate of $2.16 billion.</li>



<li>Following earnings, several analysts raised the price forecast. Truist Securities raised the price forecast from $53 to $55, Barclays boosted the price forecast from $52 to $54, and UBS increased the price forecast from $54 to $56.</li>



<li>Also, APi priced a private offering of $500 million in 5.75% senior unsecured notes due 2034. Proceeds will primarily fund the acquisitions of Onyx-Fire Protection Services and Wtech Fire Group, along with general corporate purposes.</li>
</ul>



<h2>APG: Technical Analysis</h2>



From a trend perspective, APG remains in a constructive longer-term structure: it's trading 9.2% above its 200-day SMA ($39.44), and the 50-day SMA is still above the 200-day SMA, a classic bullish long-term alignment. The near-term picture is choppier, though, with the stock trading 7.4% below its 20-day SMA ($46.51) and 1.6% below its 50-day SMA ($43.77), which often signals consolidation after a strong advance. 



Top ETF Exposure



<ul>
<li>iShares Morningstar Small-Cap Growth ETF (NYSE:ISCG): 0.56% Weight</li>



<li>Adaptiv Select ETF (NYSE:ADPV): 4.04% Weight</li>



<li>Capital Group US Large Value ETF (NYSE:CGVV): 3.11% Weight</li>
</ul>



<h2>MTZ: Recent Key Events</h2>



<ul>
<li>MasTec reported first-quarter EPS of $1.39, surpassing analyst estimates of $0.99 and rising sharply from $0.51 a year earlier. Revenue climbed 34.5% Y/Y to $3.83 billion, ahead of the $3.49 billion consensus estimate.</li>



<li>For the second quarter, the company expects adjusted EPS of $2.20, above analyst projections of $2.12, and anticipates revenue of approximately $4.3 billion versus the $4.2 billion consensus estimate.</li>



<li>The company raised its FY26 adjusted EPS guidance from $8.40 to $8.79 compared with the analyst consensus of $8.51. MasTec sees full-year revenue of about $17.5 billion, above Wall Street expectations of $17.04 billion.</li>



<li>Several analysts raised price forecasts following the results: Mizuho increased its forecast from $428 to $498, while TD Cowen lifted its estimate from $320 to $445. Goldman Sachs raised its forecast from $348 to $487, and Citigroup moved higher from $440 to $483. Additionally, Truist Financial raised its forecast from $425 to $518, and Robert W. Baird increased its forecast from $348 to $473.</li>
</ul>



<h2>MTZ: Technical Analysis</h2>



The bigger picture remains firmly bullish: MTZ is up 166.83% over the past 12 months and is trading 6.2% above its 20-day SMA, 20% above its 50-day SMA, and 68.8% above its 200-day SMA—classic &#34;extended but trending&#34; behavior. The 20-day SMA is above the 50-day SMA, and the golden cross (50-day above the 200-day) that formed in May 2025 continues to reinforce the longer-term uptrend.



Top ETF Exposure



<ul>
<li>First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR): 4.72% Weight</li>



<li>First Trust Industrials/Producer Durables AlphaDEX Fund (NYSE:FXR): 1.71% Weight</li>



<li>Alpha Architect US Quantitative Momentum ETF (NASDAQ:QMOM): 2.31% Weight</li>
</ul>



<h2>FIX: Recent Key Events</h2>



<ul>
<li>The company posted earnings of $10.51 per share, beating the consensus estimate of $6.78. Revenue came in at $2.865 billion, ahead of the $2.384 billion estimate.</li>



<li>The board declared a quarterly dividend of 80 cents per share, up 10 cents from the prior payout. The dividend is payable May 26, 2026, to shareholders of record as of May 15, 2026.</li>



<li>Chief Executive Officer Brian Lane said the company delivered “unprecedented results,” highlighting 51% organic revenue growth and more than a doubling of per-share earnings compared with the prior-year period.</li>



<li>UBS analyst Joshua Chan maintained a Buy rating and raised the price forecast from $1680 to $1992, following the earnings results.</li>
</ul>



Photo via Shutterstock

PAVE

Billionaire investor Daniel Loeb's Third Point LLC has reshuffled its construction stock portfolio in Q4 FY25, increasing stakes in APi Group and MasTec while reducing exposure to Comfort Systems. APi Group reported strong earnings, beating estimates and raising revenue guidance, while MasTec also exceeded expectations and raised its EPS guidance. Comfort Systems posted impressive earnings but saw a significant reduction in shares held by Third Point. Analysts have raised price forecasts for both APi Group and MasTec following their earnings reports.

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Mastec

Invesco Building & Contruction ETF

Glob X US Infra

iShares US Home Construction

SPDR S&P Homebuilders

Comfort Systems USA

Truist Financial

Barclays

UBS Group AG

ISHRS Ms Small Growth

Adaptiv Select ETF

Capital Group U.S. Large Value ETF

Mizuho Financial

Mizuho Financial Group, Inc.

Toronto Dominion Bank

Goldman Sachs

Citigroup

First Trust RBA Amer Ind Renaissance

First Trust Industrials/Producer Durables AlphaDEX Fd

Alpha Architect US Quantitative Momentum ETF

GS Hldg R

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Billionaire Investor Quietly Loads Up On Construction Stocks As One Gets The Axe