21,969 Shares in MasTec, Inc. (NYSE:MTZ) Purchased by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,969 shares of the construction company's stock, valued at approximately $2,564,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of MasTec by 181.3% in the 4th 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 in the last quarter. Colonial Trust Co SC raised its holdings in shares of MasTec by 335.7% in the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after purchasing an additional 141 shares in the last quarter. Rothschild Investment LLC raised its holdings in shares of MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after purchasing an additional 263 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MasTec in the 1st quarter valued at $35,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of MasTec by 147.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after purchasing an additional 200 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on MTZ. The Goldman Sachs Group upgraded shares of MasTec from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $156.00 to $195.00 in a research note on Friday, June 6th. Citigroup lifted their price target on shares of MasTec from $152.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Piper Sandler lifted their price target on shares of MasTec from $134.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Guggenheim reiterated a "buy" rating and set a $195.00 price target on shares of MasTec in a research note on Monday, May 5th. Finally, Wolfe Research began coverage on shares of MasTec in a research note on Monday, March 31st. They set a "peer perform" rating on the stock. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $171.24.

Insider Buying and Selling at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $153.89, for a total value of $461,670.00. Following the sale, the director owned 39,782 shares of the company's stock, valued at $6,122,051.98. The trade was a 7.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.30% of the stock is currently owned by insiders.

MasTec Stock Performance

Shares of NYSE:MTZ traded up $1.13 during midday trading on Friday, hitting $177.70. The stock had a trading volume of 402,828 shares, compared to its average volume of 943,674. The company has a market capitalization of $14.02 billion, a PE ratio of 65.31 and a beta of 1.75. The stock has a 50 day moving average price of $162.95 and a two-hundred day moving average price of $142.21. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 1 year low of $89.96 and a 1 year high of $178.80.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.17. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. MasTec had a net margin of 1.72% and a return on equity of 11.65%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. As a group, equities analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

About MasTec

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.