Campbell Newman Asset Management 13F: Exits MasTec (MTZ) Stake

Campbell Newman Asset Management closed out its position in MasTec, Inc. MTZ, getting rid of all 15,966 shares it held previously. The exit was revealed in a Form 13F filing with the Securities and Exchange Commission on October 22, 2026.

MTZ MasTec, Inc.

$171.55 ▼ -24.64% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Campbell Newman Asset Management's MasTec Position

The fund completely sold out of the infrastructure builder, cutting its holdings down from 15,966 shares to zero. Because this was a total exit, the position dropped by 100.0% compared to the prior period.

Other Institutional Activity in MasTec

Other major investment firms adjusted their stakes in MasTec by varying degrees ahead of the filing. Peconic Partners, LLC grew its holdings by 99,843 shares, ending with 3,678,431 shares worth about $631,034,849 following a 2.8% increase. Hill City Capital, Lp kept its position steady with 2,155,000 shares valued at about $369,690,256. Lone Pine Capital Llc trimmed its holdings by 185,866 shares, leaving it with 1,345,157 shares worth about $230,761,687 after a 12.1% decrease. First Trust Advisors LP reduced its stake by 83,140 shares, finishing with 1,328,399 shares valued at about $227,886,852 following a 5.9% drop.

MasTec, Inc. Stock Down 5.2%

MasTec closed at $171.55 on October 22, 2026. The stock recently traded around $171.55 as of October 23, 2026, putting it about equal to its event-day close. The shares sit near their 52-week low of $169.56, well below the 52-week high of $441.43.

Recent Earnings

MasTec generated $16,109,103,104 in trailing-twelve-month revenue with earnings of $5.94 per share. The company reported a net profit margin of 3.1% and a return on equity of 16.2%. Its next quarterly earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at MasTec, Inc.

Company insiders completed several transactions earlier in the year. Director Ernst N Csiszar sold 6,500 shares on March 3, 2026, at an average price of $300.40 for a total value of $1,952,600. Director Javier Alberto Palomarez sold 950 shares on March 25, 2026, at $325.43 per share, totaling $309,158. Director Charles Robert Campbell disposed of 3,000 shares on May 4, 2026, at $417.00 per share for a total value of $1,251,000. Later, on June 3, 2026, Ernst N Csiszar sold another 6,500 shares at $371.17 each, worth $2,412,605.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through October 2026. On October 5, 2026, Truist Securities maintained its buy rating while lowering its target to $380.00 from $428.00. Stifel kept a buy rating on October 8, 2026, reducing its target from $376.00 to $305.00. Keybanc maintained an overweight rating on October 15, 2026, adjusting its target down to $320.00 from $371.00. JP Morgan kept an overweight rating on October 19, 2026, lowering its target to $303.00 from $369.00. Barclays also maintained an overweight rating on October 19, 2026, bringing its target to $320.00 from $340.00. Analysts overall maintain a strong buy consensus with 21 opinions tracked and a mean price target of $364.90.

About MasTec

MasTec operates as an infrastructure engineering and construction company across the United States and Canada. It builds and maintains systems for communications, clean energy, power delivery, and pipelines through five operating segments. The firm employs roughly 37,000 people and is headquartered in Coral Gables, Florida.

Bottom Line

Campbell Newman Asset Management's full departure removes its exposure to the infrastructure firm. Investors will look to MasTec's upcoming earnings report on October 29, 2026, for fresh updates on project execution and segment growth.