U.S. Capital Wealth Advisors LLC Takes $334,000 Position in MasTec, Inc. (NYSE:MTZ)

U.S. Capital Wealth Advisors LLC purchased a new stake in MasTec, Inc. (NYSE:MTZ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,858 shares of the construction company's stock, valued at approximately $334,000.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in shares of MasTec during the fourth quarter worth about $227,000. Jones Financial Companies Lllp lifted its holdings in MasTec by 97.4% in the fourth quarter. Jones Financial Companies Lllp now owns 377 shares of the construction company's stock worth $51,000 after purchasing an additional 186 shares during the period. Victory Capital Management Inc. lifted its stake in shares of MasTec by 69.8% in the 4th quarter. Victory Capital Management Inc. now owns 21,834 shares of the construction company's stock worth $2,972,000 after acquiring an additional 8,976 shares during the period. Atria Investments Inc lifted its stake in shares of MasTec by 35.1% in the 4th quarter. Atria Investments Inc now owns 3,314 shares of the construction company's stock worth $451,000 after acquiring an additional 861 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in MasTec during the fourth quarter valued at approximately $5,171,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Stock Down 0.2%

Shares of MasTec stock traded down $0.38 during trading on Tuesday, hitting $172.00. 443,030 shares of the stock traded hands, compared to its average volume of 943,329. MasTec, Inc. has a twelve month low of $89.96 and a twelve month high of $173.52. The stock has a market cap of $13.57 billion, a P/E ratio of 63.24 and a beta of 1.75. The company has a fifty day moving average price of $160.66 and a two-hundred day moving average price of $141.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.22.

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

Analysts Set New Price Targets

MTZ has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of MasTec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. B. Riley reaffirmed a "buy" rating and set a $165.00 price target (up from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Truist Financial upped their price objective on shares of MasTec from $154.00 to $184.00 and gave the company a "buy" rating in a report on Monday, May 5th. KeyCorp increased their price objective on shares of MasTec from $140.00 to $163.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Finally, Stifel Nicolaus raised their price objective on shares of MasTec from $171.00 to $181.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, MasTec currently has a consensus rating of "Buy" and a consensus price target of $169.29.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the sale, the director directly owned 39,782 shares in the company, valued at $6,122,051.98. This represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 21.30% of the company's stock.

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.