MasTec, Inc. (NYSE:MTZ) Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in shares of MasTec, Inc. (NYSE:MTZ) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,159 shares of the construction company’s stock after purchasing an additional 862 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in MasTec were worth $1,620,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MTZ. Hobbs Group Advisors LLC acquired a new position in shares of MasTec during the 2nd quarter worth $27,000. GAMMA Investing LLC increased its holdings in MasTec by 64.9% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after acquiring an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in MasTec during the second quarter worth about $40,000. UMB Bank n.a. lifted its holdings in shares of MasTec by 46.3% in the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock valued at $47,000 after purchasing an additional 120 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of MasTec by 5,436.4% in the first quarter. Bessemer Group Inc. now owns 609 shares of the construction company’s stock valued at $57,000 after purchasing an additional 598 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. B. Riley lifted their price objective on MasTec from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group boosted their price target on MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. DA Davidson increased their price objective on MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. KeyCorp boosted their target price on shares of MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, UBS Group upped their target price on shares of MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

MasTec Stock Down 0.5 %

Shares of NYSE MTZ opened at $121.95 on Friday. The stock has a market capitalization of $9.69 billion, a PE ratio of -871.07 and a beta of 1.70. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average of $118.00 and a 200-day moving average of $108.59. MasTec, Inc. has a 52-week low of $44.65 and a 52-week high of $130.22.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.09 billion. MasTec had a return on equity of 6.42% and a net margin of 0.06%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. On average, analysts anticipate that MasTec, Inc. will post 2.69 EPS for the current year.

Insider Buying and Selling

In other MasTec news, COO Robert E. Apple sold 800 shares of MasTec stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $130.04, for a total transaction of $104,032.00. Following the transaction, the chief operating officer now directly owns 216,402 shares of the company’s stock, valued at $28,140,916.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Robert E. Apple sold 20,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the sale, the chief operating officer now directly owns 217,202 shares in the company, valued at approximately $27,426,096.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert E. Apple sold 800 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the transaction, the chief operating officer now owns 216,402 shares in the company, valued at approximately $28,140,916.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,800 shares of company stock valued at $2,978,212. 21.30% of the stock is currently owned by corporate insiders.

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.