Wolf Hill Capital Management LP Purchases 15,300 Shares of MasTec, Inc. (NYSE:MTZ)

Wolf Hill Capital Management LP grew its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 373,965 shares of the construction company's stock after acquiring an additional 15,300 shares during the quarter. MasTec comprises 3.7% of Wolf Hill Capital Management LP's holdings, making the stock its 10th largest position. Wolf Hill Capital Management LP owned 0.47% of MasTec worth $50,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP lifted its position in shares of MasTec by 173.8% in the fourth quarter. First Trust Advisors LP now owns 587,788 shares of the construction company's stock valued at $80,021,000 after acquiring an additional 373,145 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of MasTec by 25.9% in the fourth quarter. Bank of New York Mellon Corp now owns 556,686 shares of the construction company's stock valued at $75,787,000 after acquiring an additional 114,502 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of MasTec in the fourth quarter valued at approximately $59,910,000. Prudential Financial Inc. lifted its position in shares of MasTec by 52.4% in the fourth quarter. Prudential Financial Inc. now owns 405,187 shares of the construction company's stock valued at $55,162,000 after acquiring an additional 139,235 shares in the last quarter. Finally, Country Trust Bank increased its holdings in shares of MasTec by 10.9% in the fourth quarter. Country Trust Bank now owns 287,961 shares of the construction company's stock valued at $39,203,000 after purchasing an additional 28,350 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MTZ. JPMorgan Chase & Co. increased their price target on MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. B. Riley reaffirmed a "buy" rating and issued a $165.00 price target (up previously from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Truist Financial cut their price target on MasTec from $197.00 to $154.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Piper Sandler began coverage on MasTec in a report on Tuesday, April 8th. They issued an "overweight" rating and a $134.00 price target for the company. Finally, Wolfe Research began coverage on MasTec in a research note on Monday, March 31st. They set a "peer perform" rating for the company. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, MasTec has a consensus rating of "Moderate Buy" and a consensus price target of $151.00.

MasTec Stock Up 1.8 %

NYSE:MTZ traded up $2.26 during midday trading on Friday, reaching $125.09. The company had a trading volume of 504,775 shares, compared to its average volume of 939,268. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 111.69 and a beta of 1.62. The stock's fifty day simple moving average is $120.35 and its 200-day simple moving average is $132.52. MasTec, Inc. has a 12-month low of $86.12 and a 12-month 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.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.08. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. On average, sell-side analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of MasTec 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 of the company's stock, valued at $3,027,490. The trade was a 9.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 21.30% of the stock is currently owned by company insiders.

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.