Teza Capital Management LLC Invests $323,000 in MasTec, Inc. (NYSE:MTZ)

Teza Capital Management LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,374 shares of the construction company's stock, valued at approximately $323,000.

A number of other large investors have also made changes to their positions in MTZ. Barclays PLC increased its holdings in shares of MasTec by 642.7% in the third quarter. Barclays PLC now owns 242,066 shares of the construction company's stock worth $29,797,000 after acquiring an additional 209,472 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of MasTec during the 4th quarter valued at about $240,000. Merit Financial Group LLC acquired a new position in shares of MasTec in the 4th quarter valued at approximately $415,000. HB Wealth Management LLC acquired a new position in shares of MasTec in the 4th quarter valued at approximately $232,000. Finally, Aaron Wealth Advisors LLC bought a new stake in MasTec during the 4th quarter worth approximately $221,000. Institutional investors own 78.10% of the company's stock.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction 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 trade represents a 9.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $153.89, for a total transaction of $461,670.00. Following the completion of the transaction, the director now directly owns 39,782 shares in the company, valued at approximately $6,122,051.98. This represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on MTZ shares. Robert W. Baird cut their price target on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Citigroup lifted their target price on MasTec from $152.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Truist Financial boosted their target price on MasTec from $154.00 to $184.00 and gave the company a "buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. upped their price target on MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Finally, Barclays lifted their price objective on shares of MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.06.

MasTec Stock Performance

NYSE MTZ traded up $1.77 on Monday, hitting $152.54. 772,768 shares of the stock were exchanged, compared to its average volume of 941,951. The company has a market capitalization of $12.04 billion, a PE ratio of 136.19 and a beta of 1.71. 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 business's fifty day moving average is $129.66 and its 200 day moving average is $135.24. 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 released 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 net margin of 0.73% and a return on equity of 8.27%. MasTec's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.13) EPS. Research analysts anticipate that MasTec, Inc. will post 3.44 EPS 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.