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

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

Other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MasTec during the 4th quarter worth $30,000. Northwestern Mutual Wealth Management Co. raised 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 acquiring an additional 182 shares during the period. CI Investments Inc. raised its stake in MasTec by 39.9% in the 3rd quarter. CI Investments Inc. now owns 319 shares of the construction company’s stock valued at $68,000 after acquiring an additional 91 shares during the period. Covestor Ltd raised its stake in MasTec by 102.6% in the 4th quarter. Covestor Ltd now owns 314 shares of the construction company’s stock valued at $68,000 after acquiring an additional 159 shares during the period. Finally, Harbour Investments Inc. raised its stake in MasTec by 671.4% in the 4th quarter. Harbour Investments Inc. now owns 324 shares of the construction company’s stock valued at $70,000 after acquiring an additional 282 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTZ has been the topic of a number of research reports. Roth Mkm restated a “buy” rating and issued a $450.00 price objective on shares of MasTec in a research note on Monday, May 4th. Barclays boosted their price objective on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. KeyCorp boosted their price objective on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group boosted their price objective on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Truist Financial boosted their price objective on MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, MasTec has an average rating of “Moderate Buy” and an average price target of $459.28.

MasTec Stock Up 2.1%

Shares of NYSE MTZ opened at $389.95 on Wednesday. The firm has a market capitalization of $30.81 billion, a price-to-earnings ratio of 68.29 and a beta of 1.82. The business has a 50-day moving average of $364.32 and a 200-day moving average of $282.99. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 12 month low of $152.43 and a 12 month high of $441.43.

MasTec (NYSE:MTZ) last issued its 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 business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.MasTec’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Sell-side analysts expect that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares in the company, valued at $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,450 shares of company stock worth $3,512,759 over the last quarter. 21.40% of the stock is owned by corporate 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.