MasTec, Inc. (NYSE:MTZ) Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its stake in MasTec, Inc. (NYSE:MTZ) by 123.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,159 shares of the construction company’s stock after purchasing an additional 13,909 shares during the period. Hodges Capital Management Inc.’s holdings in MasTec were worth $3,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of MTZ. CIBC Asset Management Inc boosted its holdings in MasTec by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock valued at $281,000 after purchasing an additional 82 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of MasTec by 2.8% in the third quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock valued at $423,000 after buying an additional 94 shares in the last quarter. New York State Teachers Retirement System grew its holdings in MasTec by 0.4% during the third quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company’s stock worth $3,269,000 after acquiring an additional 100 shares during the period. Victory Capital Management Inc. raised its position in MasTec by 0.8% in the third quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock worth $1,583,000 after acquiring an additional 101 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in MasTec by 29.8% in the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company’s stock valued at $67,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of NYSE MTZ opened at $145.33 on Monday. The company has a 50-day simple moving average of $143.18 and a 200-day simple moving average of $127.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The company has a market cap of $11.52 billion, a PE ratio of 129.76 and a beta of 1.73. MasTec, Inc. has a 12 month low of $65.67 and a 12 month high of $166.95.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of research analyst reports. KeyCorp increased their price target on shares of MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Citigroup lifted their price target on shares of MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. UBS Group upped their price target on MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Craig Hallum boosted their target price on MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, TD Cowen raised their price target on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.57.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the director now owns 42,478 shares of the company’s stock, valued at $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief operating officer now owns 187,202 shares in the company, valued at approximately $28,080,300. This trade represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by company 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.