CWA Asset Management Group LLC Buys Shares of 3,564 MasTec, Inc. (NYSE:MTZ)

CWA Asset Management Group LLC bought a new position in MasTec, Inc. (NYSE:MTZ - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,564 shares of the construction company's stock, valued at approximately $485,000.

A number of other hedge funds also recently added to or reduced their stakes in MTZ. GAMMA Investing LLC lifted its position in MasTec by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 637 shares of the construction company's stock valued at $87,000 after purchasing an additional 125 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of MasTec by 98.8% during the fourth quarter. Versant Capital Management Inc now owns 688 shares of the construction company's stock worth $94,000 after buying an additional 342 shares during the period. Tidal Investments LLC grew its holdings in MasTec by 5.7% in the 3rd quarter. Tidal Investments LLC now owns 10,912 shares of the construction company's stock worth $1,343,000 after buying an additional 585 shares in the last quarter. Blankinship & Foster LLC acquired a new stake in MasTec in the 3rd quarter valued at approximately $246,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in MasTec during the 3rd quarter valued at $25,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Trading Up 0.2 %

Shares of MasTec stock traded up $0.31 during trading on Thursday, hitting $146.72. The stock had a trading volume of 885,352 shares, compared to its average volume of 925,326. MasTec, Inc. has a 1 year low of $60.96 and a 1 year high of $150.55. The stock has a 50 day simple moving average of $139.36 and a 200 day simple moving average of $122.18. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $11.63 billion, a PE ratio of 131.00 and a beta of 1.74.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the director now owns 42,478 shares of the company's stock, valued at $6,159,310. The trade was a 6.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief operating officer now directly owns 187,202 shares of the company's stock, valued at $28,080,300. This trade represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,023 shares of company stock worth $4,515,089. Corporate insiders own 21.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MTZ. Robert W. Baird increased their price target on MasTec from $120.00 to $153.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Guggenheim initiated coverage on shares of MasTec in a report on Wednesday. They issued a "buy" rating and a $195.00 price objective for the company. Craig Hallum boosted their target price on MasTec from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, November 4th. TD Cowen upped their target price on MasTec from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus lifted their price target on MasTec from $153.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, MasTec has an average rating of "Moderate Buy" and a consensus price target of $155.07.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.