Nomura Holdings Inc. Invests $1.11 Million in MasTec, Inc. (NYSE:MTZ)

Nomura Holdings Inc. purchased a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,169 shares of the construction company's stock, valued at approximately $1,112,000.

Other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System lifted its stake in shares of MasTec by 21.7% in the 4th quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company's stock valued at $4,398,000 after purchasing an additional 5,750 shares during the period. Kingswood Wealth Advisors LLC raised its stake in shares of MasTec by 45.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company's stock worth $3,880,000 after purchasing an additional 8,948 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of MasTec by 286.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company's stock worth $2,433,000 after purchasing an additional 13,241 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of MasTec during the fourth quarter valued at approximately $415,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of MasTec by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 13,835 shares of the construction company's stock valued at $1,883,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

MasTec Stock Performance

MTZ traded up $1.77 during mid-day trading on Friday, reaching $152.54. 772,768 shares of the company traded hands, compared to its average volume of 941,951. The stock has a market capitalization of $12.04 billion, a P/E ratio of 136.19 and a beta of 1.71. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The company's fifty day moving average price is $129.66 and its 200-day moving average price is $135.29. MasTec, Inc. has a 52-week low of $89.96 and a 52-week high of $166.95.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.34 by $0.17. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. MasTec's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) EPS. On average, sell-side analysts expect that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction 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 completion of the sale, the director now owns 23,000 shares in the company, valued at approximately $3,027,490. This represents a 9.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of the sale, the director now owns 39,782 shares of the company's stock, valued at $6,122,051.98. The trade was a 7.01% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MTZ. Jefferies Financial Group initiated coverage on MasTec in a report on Friday, May 16th. They set a "buy" rating and a $188.00 price objective for the company. Barclays lifted their price objective on MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. raised 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. Piper Sandler lifted their price objective on MasTec from $134.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Wolfe Research started coverage on MasTec in a report on Monday, March 31st. They issued a "peer perform" rating on the stock. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $162.06.

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.