Hodges Capital Management Inc. Has $3.43 Million Stake in MasTec, Inc. (NYSE:MTZ)

Hodges Capital Management Inc. raised its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 123.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,159 shares of the construction company's stock after buying an additional 13,909 shares during the quarter. Hodges Capital Management Inc.'s holdings in MasTec were worth $3,425,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTZ. Kingswood Wealth Advisors LLC increased its position in MasTec by 45.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company's stock worth $3,880,000 after acquiring an additional 8,948 shares during the period. Atom Investors LP boosted its stake in shares of MasTec by 979.0% in the third quarter. Atom Investors LP now owns 61,018 shares of the construction company's stock valued at $7,511,000 after buying an additional 55,363 shares during the period. Exchange Traded Concepts LLC grew its position in MasTec by 286.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company's stock worth $2,433,000 after buying an additional 13,241 shares in the last quarter. State Street Corp grew its position in 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 buying an additional 24,522 shares in the last quarter. Finally, Makena Capital Management LLC raised its holdings in MasTec by 41.4% in the 3rd quarter. Makena Capital Management LLC now owns 87,146 shares of the construction company's stock valued at $10,728,000 after acquiring an additional 25,532 shares in the last quarter. Institutional investors own 78.10% of the company's stock.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the transaction, the chief operating officer now directly owns 187,202 shares of the company's stock, valued at $28,080,300. The trade was a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the sale, the director now directly owns 42,478 shares of the company's stock, valued at $6,159,310. This represents a 6.60 % decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MTZ. UBS Group increased their target price on MasTec from $129.00 to $147.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Truist Financial raised their target price on shares of MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Craig Hallum upped their price target on shares of MasTec from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Stifel Nicolaus increased their price target on shares of MasTec from $155.00 to $185.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Finally, Robert W. Baird boosted their price objective on shares of MasTec from $120.00 to $153.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, MasTec presently has a consensus rating of "Moderate Buy" and an average target price of $158.57.

MasTec Trading Up 5.2 %

Shares of MTZ stock traded up $7.20 during mid-day trading on Thursday, reaching $144.98. 1,104,037 shares of the stock traded hands, compared to its average volume of 1,042,212. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 129.45 and a beta of 1.73. 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 stock's fifty day simple moving average is $142.86 and its two-hundred day simple moving average is $128.36. MasTec, Inc. has a 1-year low of $67.52 and a 1-year high of $166.95.

About MasTec

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.