Pinnbrook Capital Management LP Makes New Investment in MasTec, Inc. $MTZ

Pinnbrook Capital Management LP bought a new position in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 27,243 shares of the construction company’s stock, valued at approximately $11,335,000. MasTec comprises approximately 1.2% of Pinnbrook Capital Management LP’s portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ascentis Independent Advisors bought a new position in shares of MasTec during the first quarter valued at about $30,000. Bell Investment Advisors Inc bought a new stake in MasTec in the 2nd quarter worth about $32,000. CIBC Private Wealth Group LLC increased its stake in MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of MasTec during the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Guggenheim lifted their price target on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. CICC Research started coverage on MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective on the stock. Truist Financial restated a “buy” rating and issued a $428.00 price objective (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $427.32.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm’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 value of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.40% of the company’s stock.

MasTec Trading Down 1.8%

Shares of MasTec stock opened at $266.89 on Friday. The stock has a market capitalization of $21.43 billion, a P/E ratio of 42.57 and a beta of 1.81. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The stock’s 50-day simple moving average is $337.60 and its 200 day simple moving average is $336.97.

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

MasTec 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.