Pinnbrook Capital Management LP Lowers Stock Holdings in MasTec, Inc. $MTZ

Pinnbrook Capital Management LP lessened its stake in MasTec, Inc. (NYSE:MTZ) by 34.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,610 shares of the construction company’s stock after selling 21,136 shares during the period. MasTec accounts for about 1.0% of Pinnbrook Capital Management LP’s holdings, making the stock its 21st biggest position. Pinnbrook Capital Management LP’s holdings in MasTec were worth $8,642,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MTZ. Salomon & Ludwin LLC grew its stake in shares of MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. Caldwell Trust Co acquired a new position in shares of MasTec in the second quarter valued at approximately $29,000. Princeton Global Asset Management LLC purchased a new stake in shares of MasTec during the third quarter worth approximately $43,000. Root Financial Partners LLC purchased a new stake in shares of MasTec during the third quarter worth approximately $49,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in shares of MasTec during the second quarter worth $43,000. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Stock Down 2.4%

MTZ opened at $289.69 on Friday. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $310.36. The business has a 50-day moving average of $261.32 and a two-hundred day moving average of $224.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 57.14 and a beta of 1.89.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the company earned $1.44 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. 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 expect that MasTec, Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MTZ. Robert W. Baird lifted their price objective on shares of MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Stifel Nicolaus raised their target price on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. KeyCorp lifted their target price on shares of MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Cantor Fitzgerald boosted their price target 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. Finally, Jefferies Financial Group increased their price target on shares of MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $288.84.

Insider Buying and Selling at MasTec

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

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.