American Century Companies Inc. Buys 10,679 Shares of MasTec, Inc. (NYSE:MTZ)

American Century Companies Inc. raised its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 62.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,845 shares of the construction company's stock after purchasing an additional 10,679 shares during the quarter. American Century Companies Inc.'s holdings in MasTec were worth $3,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MTZ. New York State Teachers Retirement System grew its holdings in shares of MasTec by 21.7% during the 4th quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company's stock valued at $4,398,000 after purchasing an additional 5,750 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of MasTec by 45.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company's stock valued at $3,880,000 after purchasing an additional 8,948 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of MasTec by 286.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company's stock valued at $2,433,000 after purchasing an additional 13,241 shares in the last quarter. State Street Corp grew its holdings in shares of MasTec by 1.4% during the third quarter. State Street Corp now owns 1,823,967 shares of the construction company's stock worth $224,530,000 after purchasing an additional 24,522 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of MasTec in the fourth quarter valued at approximately $415,000. Institutional investors own 78.10% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Citigroup lifted their target price on shares of MasTec from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Guggenheim reiterated a "buy" rating and set a $195.00 price target on shares of MasTec in a report on Tuesday, March 25th. Piper Sandler assumed coverage on shares of MasTec in a research note on Tuesday. They issued an "overweight" rating and a $134.00 price objective on the stock. Stifel Nicolaus lowered their target price on MasTec from $175.00 to $143.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Wolfe Research assumed coverage on MasTec in a research report on Monday, March 31st. They issued a "peer perform" rating on the stock. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, MasTec presently has an average rating of "Moderate Buy" and a consensus target price of $153.87.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the completion of the sale, the director now owns 23,000 shares in the company, valued at approximately $3,027,490. The trade was a 9.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.30% of the stock is owned by company insiders.

MasTec Trading Up 1.5 %

Shares of NYSE:MTZ traded up $1.77 during mid-day trading on Friday, hitting $116.83. The company had a trading volume of 817,547 shares, compared to its average volume of 935,435. The company has a market capitalization of $9.26 billion, a PE ratio of 104.31 and a beta of 1.62. MasTec, Inc. has a one year low of $82.29 and a one year high of $166.95. The firm has a fifty day moving average price of $124.67 and a 200 day moving average price of $133.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. As a group, research analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

MasTec 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.