MasTec, Inc. (NYSE:MTZ) Shares Acquired by 1060 Capital LLC

1060 Capital LLC raised its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the construction company's stock after buying an additional 10,000 shares during the quarter. MasTec comprises approximately 27.0% of 1060 Capital LLC's holdings, making the stock its largest position. 1060 Capital LLC owned about 0.13% of MasTec worth $13,614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTZ. Barclays PLC increased its position in shares of MasTec by 642.7% during the 3rd quarter. Barclays PLC now owns 242,066 shares of the construction company's stock valued at $29,797,000 after purchasing an additional 209,472 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of MasTec in the 3rd quarter valued at about $254,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of MasTec in the 3rd quarter worth $25,000. Tidal Investments LLC grew its stake in shares of MasTec by 5.7% during the third quarter. Tidal Investments LLC now owns 10,912 shares of the construction company's stock worth $1,343,000 after acquiring an additional 585 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of MasTec by 98.8% in the fourth quarter. Versant Capital Management Inc now owns 688 shares of the construction company's stock worth $94,000 after buying an additional 342 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MTZ. Stifel Nicolaus lifted their price objective on shares of MasTec from $143.00 to $171.00 and gave the company a "buy" rating in a research note on Monday. Truist Financial raised their target price on MasTec from $154.00 to $184.00 and gave the company a "buy" rating in a research report on Monday. Citigroup lifted their price target on MasTec from $152.00 to $170.00 and gave the stock a "buy" rating in a report on Monday. KeyCorp increased their target price on shares of MasTec from $140.00 to $163.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Wolfe Research initiated coverage on shares of MasTec in a research note on Monday, March 31st. They set a "peer perform" rating on the stock. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.33.

MasTec Price Performance

Shares of NYSE:MTZ traded up $2.71 on Monday, reaching $143.58. 1,157,735 shares of the company were exchanged, compared to its average volume of 937,430. MasTec, Inc. has a 1-year low of $89.96 and a 1-year high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 128.20 and a beta of 1.71. The company has a 50-day moving average of $120.74 and a 200-day moving average of $132.79.

MasTec (NYSE:MTZ - Get Free Report) last released 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 business 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%. The business'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 firm earned ($0.13) EPS. Equities analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

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 stock was 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 directly owns 23,000 shares in the company, valued at $3,027,490. This trade represents a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.30% of the stock is owned by company 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.