Penn Capital Management Company LLC Sells 2,186 Shares of MasTec, Inc. $MTZ

Penn Capital Management Company LLC lowered its stake in MasTec, Inc. (NYSE:MTZ) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,245 shares of the construction company’s stock after selling 2,186 shares during the quarter. Penn Capital Management Company LLC’s holdings in MasTec were worth $2,262,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its position in shares of MasTec by 14.9% in the third quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock worth $3,531,000 after purchasing an additional 2,158 shares in the last quarter. Marco Investment Management LLC increased its holdings in MasTec by 28.2% during the third quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after buying an additional 6,955 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in MasTec by 50.0% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after buying an additional 23,500 shares during the last quarter. Gables Capital Management Inc. increased its holdings in MasTec by 30.3% during the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after buying an additional 4,900 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in MasTec during the third quarter worth $1,870,000. Institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on MTZ shares. Robert W. Baird upped their price objective on shares of MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating and set a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a report on Monday, May 4th. Finally, KeyCorp increased their target price on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $459.28.

MasTec Stock Up 2.1%

MasTec stock opened at $389.95 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. MasTec, Inc. has a 52-week low of $152.43 and a 52-week high of $441.43. The firm has a 50 day moving average price of $364.32 and a two-hundred day moving average price of $282.99. The firm has a market cap of $30.81 billion, a price-to-earnings ratio of 68.29 and a beta of 1.82.

MasTec (NYSE:MTZ) last released its quarterly 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 firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company’s revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities analysts predict that MasTec, Inc. will post 8.51 EPS for the current year.

Insider Transactions at MasTec

In related news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the sale, the director directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was 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 $3,512,759 in the last quarter. 21.40% 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.