1,120 Shares in MasTec, Inc. (NYSE:MTZ) Purchased by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp acquired a new position in shares of MasTec, Inc. (NYSE:MTZ) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,120 shares of the construction company’s stock, valued at approximately $152,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of MasTec during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its holdings in MasTec by 181.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in MasTec during the third quarter worth about $25,000. Smartleaf Asset Management LLC increased its stake in shares of MasTec by 93.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock worth $36,000 after purchasing an additional 128 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of MasTec by 162.4% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock valued at $42,000 after purchasing an additional 190 shares during the period. Institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

MTZ has been the subject of several analyst reports. Barclays raised their price objective on shares of MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price target on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Citigroup boosted their price objective on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Robert W. Baird cut their target price on MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Finally, B. Riley reiterated a “buy” rating and set a $165.00 price target (up from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

Insider Activity

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $131.63, for a total value of $331,312.71. Following the transaction, the director now directly owns 23,000 shares of the company’s stock, valued at $3,027,490. The trade was a 9.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 21.30% of the stock is currently owned by corporate insiders.

MasTec Stock Performance

NYSE:MTZ opened at $122.75 on Thursday. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 109.60 and a beta of 1.74. The business has a 50 day moving average of $134.26 and a 200 day moving average of $133.24. 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 1-year low of $82.29 and a 1-year high of $166.95.

MasTec (NYSE:MTZ) last announced its quarterly earnings data 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 company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. On average, sell-side analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

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.