Shelton Capital Management raised its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 49.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,322 shares of the construction company's stock after buying an additional 5,060 shares during the quarter. Shelton Capital Management's holdings in MasTec were worth $2,086,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of MTZ. State Street Corp boosted its holdings 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 purchasing an additional 24,522 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of MasTec by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company's stock worth $126,370,000 after buying an additional 16,844 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of MasTec by 25.9% in the 4th quarter. Bank of New York Mellon Corp now owns 556,686 shares of the construction company's stock valued at $75,787,000 after acquiring an additional 114,502 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of MasTec in the fourth quarter valued at about $59,910,000. Finally, Prudential Financial Inc. raised its holdings in MasTec by 52.4% during the fourth quarter. Prudential Financial Inc. now owns 405,187 shares of the construction company's stock worth $55,162,000 after acquiring an additional 139,235 shares in the last quarter. 78.10% of the stock is owned by institutional investors.
MasTec Stock Up 0.7 %
MasTec stock traded up $0.81 during trading hours on Monday, hitting $117.79. 128,494 shares of the stock traded hands, compared to its average volume of 1,222,603. The firm's 50-day moving average price is $124.67 and its two-hundred day moving average price is $133.08. The company has a market cap of $9.34 billion, a PE ratio of 105.17 and a beta of 1.62. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. MasTec, Inc. has a one year low of $82.29 and a one year high of $166.95.
MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.28 by $0.08. The company had revenue of $3.40 billion for 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%. On average, research analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.
Wall Street Analyst Weigh In
MTZ has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Citigroup upped their price target 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 reissued a "buy" rating and issued a $195.00 price objective on shares of MasTec in a research report on Tuesday, March 25th. 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, Piper Sandler assumed coverage on MasTec in a report on Tuesday, April 8th. They set an "overweight" rating and a $134.00 price target for the company. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, MasTec currently has an average rating of "Moderate Buy" and an average price target of $153.87.
Read Our Latest Analysis on MasTec
Insiders Place Their Bets
In other news, Director Ernst N. Csiszar sold 2,517 shares of the firm'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 sale, the director now directly owns 23,000 shares in the company, valued at $3,027,490. This trade represents a 9.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 21.30% of the company's stock.
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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