Pinnbrook Capital Management LP Takes $11.34 Million Position in MasTec, Inc. $MTZ

Pinnbrook Capital Management LP bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 27,243 shares of the construction company’s stock, valued at approximately $11,335,000. MasTec accounts for approximately 1.2% of Pinnbrook Capital Management LP’s portfolio, making the stock its 24th biggest holding.

A number of other institutional investors have also made changes to their positions in MTZ. Bell Investment Advisors Inc bought a new stake in MasTec in the 2nd quarter valued at $32,000. Ascentis Independent Advisors bought a new position in MasTec during the first quarter worth $30,000. GHP Investment Advisors Inc. acquired a new position in shares of MasTec in the first quarter valued at $65,000. Harbor Investment Advisory LLC raised its position in shares of MasTec by 486.1% in the second quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock valued at $88,000 after purchasing an additional 175 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of MasTec by 372.0% during the 4th 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 last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.40% of the company’s stock.

MasTec Stock Performance

NYSE:MTZ opened at $266.89 on Friday. The company has a market capitalization of $21.43 billion, a PE ratio of 42.57 and a beta of 1.81. 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 company has a 50 day simple moving average of $337.60 and a two-hundred day simple moving average of $336.97. MasTec, Inc. has a fifty-two week low of $171.05 and a fifty-two week high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s revenue was up 23.4% on a year-over-year basis. During the same period last year, the business posted $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. Research analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MTZ shares. Cantor Fitzgerald lifted their target price on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Guggenheim raised their price objective on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. UBS Group reduced their price objective on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, CICC Research assumed coverage on MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $427.32.

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.