Smith Graham & Co. Investment Advisors LP Buys 14,964 Shares of MasTec, Inc. (NYSE:MTZ)

Smith Graham & Co. Investment Advisors LP lifted its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,158 shares of the construction company's stock after purchasing an additional 14,964 shares during the quarter. Smith Graham & Co. Investment Advisors LP owned 0.11% of MasTec worth $6,448,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC lifted its position in shares of MasTec by 152.4% in the third quarter. CWM LLC now owns 525 shares of the construction company's stock worth $38,000 after purchasing an additional 317 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in MasTec by 75.3% during the third quarter. Ronald Blue Trust Inc. now owns 540 shares of the construction company's stock worth $39,000 after buying an additional 232 shares during the last quarter. Headlands Technologies LLC acquired a new position in MasTec during the third quarter worth $41,000. Itau Unibanco Holding S.A. acquired a new position in MasTec during the third quarter worth $43,000. Finally, Covestor Ltd increased its holdings in MasTec by 40.1% during the first quarter. Covestor Ltd now owns 507 shares of the construction company's stock worth $44,000 after buying an additional 145 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of MasTec from $55.00 to $106.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. Citigroup boosted their target price on shares of MasTec from $74.00 to $99.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Robert W. Baird boosted their target price on shares of MasTec from $70.00 to $89.00 and gave the stock a "neutral" rating in a report on Monday, March 4th. Craig Hallum upgraded shares of MasTec from a "hold" rating to a "buy" rating and upped their price objective for the company from $50.00 to $96.00 in a report on Monday, March 4th. Finally, The Goldman Sachs Group upped their price objective on shares of MasTec from $54.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, February 9th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $96.46.

MasTec Price Performance

MTZ traded down $3.95 on Friday, hitting $87.96. 926,209 shares of the stock were exchanged, compared to its average volume of 938,617. MasTec, Inc. has a 12 month low of $44.65 and a 12 month high of $123.33. The business has a 50-day moving average of $82.97 and a two-hundred day moving average of $71.08. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.36. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of -133.27 and a beta of 1.62.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The construction company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.20. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. The business had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.26 billion. Sell-side analysts forecast that MasTec, Inc. will post 2.33 EPS for the current fiscal year.

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.