HB Wealth Management LLC purchased a new position in MasTec, Inc. (NYSE:MTZ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,703 shares of the construction company's stock, valued at approximately $232,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc increased its position in shares of MasTec by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company's stock worth $281,000 after acquiring an additional 82 shares during the period. Coldstream Capital Management Inc. increased its holdings in MasTec by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company's stock worth $423,000 after purchasing an additional 94 shares during the period. New York State Teachers Retirement System raised its position in MasTec by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company's stock valued at $3,269,000 after purchasing an additional 100 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of MasTec by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company's stock worth $1,583,000 after buying an additional 101 shares during the period. Finally, UMB Bank n.a. grew its position in shares of MasTec by 46.3% during the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock worth $47,000 after buying an additional 120 shares in the last quarter. 78.10% of the stock is owned by institutional investors.
MasTec Stock Performance
NYSE:MTZ traded down $0.71 during trading hours on Friday, hitting $159.50. 602,496 shares of the company were exchanged, compared to its average volume of 654,277. 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, Inc. has a 52-week low of $63.97 and a 52-week high of $166.95. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 142.41 and a beta of 1.74. The company's 50 day moving average price is $143.34 and its 200-day moving average price is $126.29.
Insider Transactions at MasTec
In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the sale, the director now owns 42,478 shares in the company, valued at approximately $6,159,310. This represents a 6.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Robert E. Apple sold 19,023 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $135.63, for a total transaction of $2,580,089.49. Following the sale, the chief operating officer now owns 197,202 shares in the company, valued at approximately $26,746,507.26. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,023 shares of company stock worth $4,515,089. Company insiders own 21.30% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on MTZ. Robert W. Baird upped their price objective on shares of MasTec from $120.00 to $153.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. The Goldman Sachs Group upped their price target on shares of MasTec from $115.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. UBS Group increased their price objective on shares of MasTec from $129.00 to $147.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. KeyCorp boosted their price objective on shares of MasTec from $153.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Finally, Craig Hallum increased their target price on MasTec from $125.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $157.21.
Read Our Latest Analysis on MasTec
About MasTec
(
Free Report)
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.
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