MasTec, Inc. (NYSE:MTZ) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in MasTec, Inc. (NYSE:MTZ) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,320 shares of the construction company’s stock after selling 1,944 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MasTec were worth $2,826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Covestor Ltd lifted its stake 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 buying an additional 145 shares during the period. CWM LLC lifted its stake in shares of 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 buying an additional 317 shares during the period. Ronald Blue Trust Inc. lifted its stake 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 buying an additional 232 shares during the period. Headlands Technologies LLC purchased a new position in shares of MasTec during the third quarter valued at approximately $41,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of MasTec during the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Craig Hallum raised 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 research note on Monday, March 4th. UBS Group increased their price target on shares of MasTec from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. KeyCorp increased their price target on shares of MasTec from $92.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. The Goldman Sachs Group increased their price target on shares of MasTec from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Finally, TD Cowen increased their price target on shares of MasTec from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.46.

MasTec Stock Performance

Shares of MTZ stock opened at $83.40 on Friday. The company’s fifty day simple moving average is $84.19 and its 200-day simple moving average is $71.39. MasTec, Inc. has a 52 week low of $44.65 and a 52 week high of $123.33. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. The company has a market cap of $6.63 billion, a PE ratio of -126.36 and a beta of 1.62.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.26 billion. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. As a group, equities research analysts anticipate that MasTec, Inc. will post 2.33 EPS for the current year.

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.