Penn Capital Management Company LLC Trims Stake in MasTec, Inc. $MTZ

Penn Capital Management Company LLC lessened its holdings in MasTec, Inc. (NYSE:MTZ) by 34.4% during the 2nd quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Ascentis Independent Advisors acquired a new stake in shares of MasTec during the 1st quarter worth about $30,000. Bell Investment Advisors Inc acquired a new position in MasTec in the second quarter valued at about $32,000. Transamerica Financial Advisors LLC acquired a new position in MasTec in the second quarter valued at about $32,000. CIBC Private Wealth Group LLC boosted its stake in MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the period. Finally, Solstein Capital LLC purchased a new position in MasTec during the second quarter worth about $58,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Citigroup lowered their price objective on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Guggenheim lifted their target price on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Roth Capital reissued a “buy” rating and issued a $450.00 target price on shares of MasTec in a research report on Monday, May 4th. Finally, Stifel Nicolaus set a $455.00 price target on MasTec in a research note on Monday, May 4th. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $427.32.

MasTec Stock Performance

NYSE MTZ opened at $241.08 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The company has a market cap of $19.36 billion, a P/E ratio of 38.45 and a beta of 1.81. The stock has a 50-day moving average of $324.93 and a two-hundred day moving average of $337.05. MasTec, Inc. has a 1-year low of $171.05 and a 1-year high of $441.43.

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

Insiders Place Their Bets

In related news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.40% of the stock is currently owned by 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.