State of Wyoming Acquires 2,373 Shares of MasTec, Inc. (NYSE:MTZ)

State of Wyoming grew its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 13.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,815 shares of the construction company's stock after purchasing an additional 2,373 shares during the period. MasTec makes up about 0.3% of State of Wyoming's holdings, making the stock its 21st largest position. State of Wyoming's holdings in MasTec were worth $2,698,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in MTZ. Ameliora Wealth Management Ltd. purchased a new stake in shares of MasTec in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC increased its stake in shares of MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Colonial Trust Co SC grew its holdings in shares of MasTec by 335.7% during the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 141 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after purchasing an additional 128 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in MasTec by 162.4% in the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock worth $42,000 after acquiring an additional 190 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Stock Performance

Shares of MTZ stock traded down $2.90 during trading on Wednesday, reaching $155.33. The company had a trading volume of 820,203 shares, compared to its average volume of 939,480. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The firm's 50 day simple moving average is $128.51 and its two-hundred day simple moving average is $135.09. The company has a market capitalization of $12.26 billion, a PE ratio of 138.69 and a beta of 1.71. MasTec, Inc. has a one year low of $89.96 and a one year high of $166.95.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.17. The company had revenue of $2.85 billion for 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 for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) EPS. Sell-side analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. KeyCorp increased their target price on MasTec from $140.00 to $163.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Piper Sandler raised their price target on MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, May 5th. B. Riley reaffirmed a "buy" rating and set a $165.00 target price (up from $151.00) on shares of MasTec in a report on Wednesday, March 19th. JPMorgan Chase & Co. increased 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. Finally, Barclays raised 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. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $162.06.

Insider Activity at MasTec

In other 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 transaction of $331,312.71. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the director now owns 39,782 shares in the company, 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 owned by insiders.

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.