Pinnbrook Capital Management LP Cuts Position in MasTec, Inc. $MTZ

Pinnbrook Capital Management LP trimmed its position in shares of MasTec, Inc. (NYSE:MTZ) by 34.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,610 shares of the construction company’s stock after selling 21,136 shares during the period. MasTec makes up about 1.0% of Pinnbrook Capital Management LP’s holdings, making the stock its 21st largest holding. Pinnbrook Capital Management LP owned about 0.05% of MasTec worth $8,642,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MTZ. Victory Capital Management Inc. raised its holdings in shares of MasTec by 9,550.8% in the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after buying an additional 936,747 shares during the period. Qube Research & Technologies Ltd boosted its holdings in MasTec by 370.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock valued at $86,384,000 after acquiring an additional 399,007 shares during the period. First Trust Advisors LP grew its position in MasTec by 52.1% in the 3rd 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. Legacy Advisors LLC increased its stake in MasTec by 247.1% during the third quarter. Legacy Advisors LLC now owns 380,708 shares of the construction company’s stock worth $81,018,000 after purchasing an additional 271,013 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in MasTec by 401.1% during the third quarter. BNP Paribas Financial Markets now owns 299,018 shares of the construction company’s stock worth $63,634,000 after purchasing an additional 239,341 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 21.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTZ. Jefferies Financial Group raised their price objective on shares of MasTec from $271.00 to $348.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Cantor Fitzgerald upped their target price on shares of MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, DA Davidson boosted their price target on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $288.84.

MasTec Trading Down 2.4%

NYSE:MTZ opened at $289.69 on Friday. The company has a market capitalization of $22.85 billion, a PE ratio of 57.14 and a beta of 1.89. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $310.36. The stock’s 50 day moving average price is $261.32 and its 200 day moving average price is $224.73. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.13. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. On average, research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

MasTec Company 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.