MasTec, Inc. (NYSE:MTZ) Shares Bought by Cwm LLC

Cwm LLC raised its stake in MasTec, Inc. (NYSE:MTZ) by 59.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 837 shares of the construction company’s stock after purchasing an additional 312 shares during the quarter. Cwm LLC’s holdings in MasTec were worth $63,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of MasTec in the 3rd quarter valued at $41,000. Itau Unibanco Holding S.A. acquired a new position in shares of MasTec in the 3rd quarter valued at $43,000. DMC Group LLC acquired a new position in shares of MasTec in the 4th quarter valued at $204,000. MQS Management LLC acquired a new position in shares of MasTec in the 3rd quarter valued at $221,000. Finally, Glenview Trust co raised its stake in shares of MasTec by 13.5% in the 3rd quarter. Glenview Trust co now owns 3,104 shares of the construction company’s stock valued at $223,000 after acquiring an additional 370 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Trading Down 0.5 %

NYSE MTZ opened at $105.17 on Thursday. MasTec, Inc. has a one year low of $44.65 and a one year high of $123.33. The company has a 50-day simple moving average of $89.87 and a 200-day simple moving average of $73.92. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.27 and a current ratio of 1.31. The firm has a market capitalization of $8.36 billion, a PE ratio of -751.21 and a beta of 1.61.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. MasTec had a negative net margin of 0.09% and a positive return on equity of 6.19%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.26 billion. On average, equities analysts forecast that MasTec, Inc. will post 2.33 earnings per share for the current year.

Analysts Set New Price Targets

MTZ has been the topic of a number of research reports. TD Cowen raised their target price on shares of MasTec from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday. Citigroup raised their target price on shares of MasTec from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. KeyCorp raised their target price on shares of MasTec from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday. Craig Hallum raised their target price on shares of MasTec from $96.00 to $125.00 and gave the company a “buy” rating in a research note on Monday. Finally, Truist Financial reissued a “hold” rating and issued a $109.00 target price (up previously from $96.00) on shares of MasTec in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, MasTec presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.08.

MasTec Company 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.