11,661 Shares in MasTec, Inc. (NYSE:MTZ) Bought by Oak Thistle LLC

Oak Thistle LLC acquired a new position in MasTec, Inc. (NYSE:MTZFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,661 shares of the construction company’s stock, valued at approximately $883,000.

Several other institutional investors also recently modified their holdings of MTZ. CWM LLC boosted its position in MasTec by 152.4% during the third quarter. CWM LLC now owns 525 shares of the construction company’s stock valued at $38,000 after acquiring an additional 317 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of MasTec by 75.3% during the third quarter. Ronald Blue Trust Inc. now owns 540 shares of the construction company’s stock valued at $39,000 after purchasing an additional 232 shares during the period. Headlands Technologies LLC acquired a new position in shares of MasTec during the third quarter valued at about $41,000. Itau Unibanco Holding S.A. acquired a new position in shares of MasTec during the third quarter valued at about $43,000. Finally, Covestor Ltd raised its holdings in shares of MasTec by 40.1% during the first quarter. Covestor Ltd now owns 507 shares of the construction company’s stock valued at $44,000 after purchasing an additional 145 shares during the period. Institutional investors own 78.10% of the company’s stock.

MasTec Trading Down 1.4 %

Shares of MTZ stock opened at $92.56 on Wednesday. MasTec, Inc. has a 52-week low of $44.65 and a 52-week high of $123.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.36 and a current ratio of 1.40. The company has a 50-day simple moving average of $78.91 and a two-hundred day simple moving average of $70.24. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of -140.24 and a beta of 1.62.

MasTec (NYSE:MTZGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.26 billion. Research analysts anticipate that MasTec, Inc. will post 2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of MasTec from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Craig Hallum upgraded shares of MasTec from a “hold” rating to a “buy” rating and upped their price objective for the company from $50.00 to $96.00 in a report on Monday, March 4th. Barclays upped their price objective on shares of MasTec from $55.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Robert W. Baird upped their price objective on shares of MasTec from $70.00 to $89.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Finally, Stifel Nicolaus upped their price objective on shares of MasTec from $70.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.46.

View Our Latest Stock Report 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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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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