Tribune Investment Group LP Decreases Position in MasTec, Inc. $MTZ

Tribune Investment Group LP trimmed its holdings in MasTec, Inc. (NYSE:MTZ) by 73.7% in the second quarter, HoldingsChannel.com reports. The firm owned 7,640 shares of the construction company’s stock after selling 21,360 shares during the quarter. MasTec comprises about 1.3% of Tribune Investment Group LP’s investment portfolio, making the stock its 26th largest holding. Tribune Investment Group LP’s holdings in MasTec were worth $3,179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new stake in shares of MasTec during the 1st quarter worth approximately $30,000. Bell Investment Advisors Inc acquired a new position in shares of MasTec in the 2nd quarter valued at $32,000. CIBC Private Wealth Group LLC grew its position in shares of 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. Solstein Capital LLC purchased a new position in shares of MasTec in the 2nd quarter valued at $58,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. CICC Research initiated coverage on MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price objective on the stock. UBS Group cut their target price on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Citigroup reduced their target price on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $427.32.

MasTec Trading Down 1.3%

NYSE:MTZ opened at $232.37 on Friday. The firm has a market cap of $18.66 billion, a P/E ratio of 37.06 and a beta of 1.82. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $312.03 and its 200-day simple moving average is $336.77. MasTec, Inc. has a 12-month low of $171.05 and a 12-month 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 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 company 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 business earned $1.49 earnings per share. MasTec’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. Equities analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current year.

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.