New Mexico Educational Retirement Board bought a new position in shares of MasTec, Inc. (NYSE:MTZ) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,200 shares of the construction company’s stock, valued at approximately $535,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Jersey Better Educational Savings Trust grew its holdings in shares of MasTec by 80.0% during the 3rd quarter. New Jersey Better Educational Savings Trust now owns 9,000 shares of the construction company’s stock worth $402,000 after purchasing an additional 4,000 shares in the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in shares of MasTec during the 4th quarter worth $217,000. Falcon Point Capital LLC grew its holdings in shares of MasTec by 7.7% during the 3rd quarter. Falcon Point Capital LLC now owns 198,888 shares of the construction company’s stock worth $8,880,000 after purchasing an additional 14,304 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of MasTec during the 3rd quarter worth $1,940,000. Finally, Baird Financial Group Inc. grew its holdings in shares of MasTec by 19.3% during the 3rd quarter. Baird Financial Group Inc. now owns 45,616 shares of the construction company’s stock worth $1,998,000 after purchasing an additional 7,381 shares in the last quarter. 84.80% of the stock is currently owned by institutional investors.
MTZ has been the topic of several analyst reports. ValuEngine raised MasTec from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Zacks Investment Research lowered MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Robert W. Baird lowered MasTec from an “outperform” rating to a “neutral” rating and set a $50.67 price objective on the stock. in a research note on Friday, November 9th. DA Davidson reduced their price objective on MasTec to $57.00 and set a “buy” rating on the stock in a research note on Monday, February 4th. Finally, Canaccord Genuity reduced their price objective on MasTec from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $59.56.
NYSE:MTZ opened at $41.40 on Friday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 1.26 and a beta of 1.49. The company has a current ratio of 1.94, a quick ratio of 1.85 and a debt-to-equity ratio of 1.13. MasTec, Inc. has a twelve month low of $37.24 and a twelve month high of $54.70.
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MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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