Penn Capital Management Company LLC Decreases Holdings in MasTec, Inc. $MTZ

Penn Capital Management Company LLC lowered its stake in shares of MasTec, Inc. (NYSE:MTZ) by 34.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,321 shares of the construction company’s stock after selling 2,268 shares during the period. Penn Capital Management Company LLC’s holdings in MasTec were worth $1,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Transamerica Financial Advisors LLC acquired a new stake in MasTec in the 2nd quarter worth about $32,000. Bell Investment Advisors Inc acquired a new stake in shares of MasTec in the second quarter worth approximately $32,000. Ascentis Independent Advisors purchased a new stake in shares of MasTec during the first quarter worth approximately $30,000. Solstein Capital LLC acquired a new position in MasTec in the 2nd quarter valued at $58,000. Finally, GHP Investment Advisors Inc. acquired a new position in MasTec in the 1st quarter valued at $65,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MTZ. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Morgan Stanley set a $369.00 price target on shares of MasTec in a research note on Friday, July 31st. KeyCorp lowered their price target on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $428.00 price objective (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $427.32.

MasTec Stock Down 4.0%

Shares of NYSE:MTZ opened at $241.08 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $324.93 and a two-hundred day moving average of $337.05. The stock has a market cap of $19.36 billion, a P/E ratio of 38.45 and a beta of 1.81. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. On average, research analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 21.40% of the stock is owned by company insiders.

About MasTec

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.