1,493 Shares in MasTec, Inc. (NYSE:MTZ) Bought by Poinciana Advisors Group LLC

Poinciana Advisors Group LLC bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,493 shares of the construction company’s stock, valued at approximately $203,000.

Several other large investors have also bought and sold shares of MTZ. Atria Investments Inc bought a new position in MasTec during the 3rd quarter worth $302,000. Victory Capital Management Inc. raised its position in MasTec by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock worth $1,583,000 after purchasing an additional 101 shares during the last quarter. CIBC Asset Management Inc raised its position in MasTec by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock worth $281,000 after purchasing an additional 82 shares during the last quarter. Chesapeake Capital Corp IL raised its position in shares of MasTec by 38.7% in the 3rd quarter. Chesapeake Capital Corp IL now owns 3,910 shares of the construction company’s stock worth $480,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Claro Advisors LLC bought a new position in shares of MasTec in the 3rd quarter worth about $230,000. 78.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Truist Financial lifted their price objective on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Stifel Nicolaus lowered their price objective on MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Barclays lifted their price objective on MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. KeyCorp lifted their price objective on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.14.

MasTec Stock Performance

Shares of MTZ opened at $120.61 on Friday. The company has a market cap of $9.56 billion, a PE ratio of 107.69 and a beta of 1.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. MasTec, Inc. has a one year low of $82.29 and a one year high of $166.95. The stock has a 50-day moving average of $138.29 and a 200-day moving average of $131.96.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. On average, equities research analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal 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.