Yaupon Capital Management LP Purchases New Stake in MasTec, Inc. (NYSE:MTZ)

Yaupon Capital Management LP acquired a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 74,294 shares of the construction company's stock, valued at approximately $10,114,000. Yaupon Capital Management LP owned 0.09% of MasTec at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTZ. Ameliora Wealth Management Ltd. bought a new position in shares of MasTec during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after buying an additional 116 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of MasTec in the third quarter valued at approximately $25,000. Smartleaf Asset Management LLC increased its position in shares of MasTec by 93.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after acquiring an additional 128 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of MasTec by 162.4% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock worth $42,000 after acquiring an additional 190 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of research analyst reports. B. Riley reiterated a "buy" rating and set a $165.00 target price (up previously from $151.00) on shares of MasTec in a report on Wednesday, March 19th. KeyCorp reduced their price objective on MasTec from $168.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup dropped their target price on MasTec from $167.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday. Barclays upped their price target on MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus decreased their price target on shares of MasTec from $175.00 to $143.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, MasTec has a consensus rating of "Moderate Buy" and an average target price of $151.00.

MasTec Stock Performance

MTZ stock traded up $2.26 during midday trading on Friday, reaching $125.09. 504,775 shares of the company were exchanged, compared to its average volume of 937,657. MasTec, Inc. has a one year low of $86.06 and a one year high of $166.95. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 111.69 and a beta of 1.62. The business has a 50-day moving average price of $120.35 and a two-hundred day moving average price of $132.45. 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 earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.08. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. Equities research analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 23,000 shares of the company's stock, valued at approximately $3,027,490. This trade represents a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 21.30% of the company's stock.

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.