Xponance Inc. Grows Stock Position in MasTec, Inc. (NYSE:MTZ)

Xponance Inc. lifted its stake in MasTec, Inc. (NYSE:MTZ) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,716 shares of the construction company’s stock after buying an additional 447 shares during the quarter. Xponance Inc.’s holdings in MasTec were worth $1,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in MasTec by 11.1% during the fourth quarter. Advisors Asset Management Inc. now owns 37,511 shares of the construction company’s stock worth $5,107,000 after buying an additional 3,750 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of MasTec during the 4th quarter worth about $136,000. Natixis Advisors LLC grew its position in shares of MasTec by 1.2% during the 4th quarter. Natixis Advisors LLC now owns 11,929 shares of the construction company’s stock valued at $1,624,000 after acquiring an additional 136 shares during the period. Poinciana Advisors Group LLC acquired a new stake in shares of MasTec during the 4th quarter valued at about $203,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of MasTec by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 46,558 shares of the construction company’s stock valued at $6,338,000 after purchasing an additional 1,262 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. B. Riley reissued a “buy” rating and set a $165.00 target price (up previously from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. Stifel Nicolaus decreased their price target on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Truist Financial boosted their price objective on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Citigroup raised their target price on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.07.

MasTec Trading Down 2.1 %

Shares of MTZ opened at $123.89 on Monday. MasTec, Inc. has a 12-month low of $82.29 and a 12-month high of $166.95. The firm has a market capitalization of $9.82 billion, a P/E ratio of 110.61 and a beta of 1.74. The firm has a 50-day moving average price of $135.56 and a 200 day moving average price of $132.88. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. The business 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%. Sell-side analysts forecast that MasTec, Inc. will post 3.44 EPS for the current 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.