Yaupon Capital Management LP Purchases New Stake in MasTec, Inc. (NYSE:MTZ)

Yaupon Capital Management LP purchased a new position in MasTec, Inc. (NYSE:MTZ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 74,294 shares of the construction company's stock, valued at approximately $10,114,000. Yaupon Capital Management LP owned about 0.09% of MasTec at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in MasTec in the 3rd quarter worth about $25,000. Ameliora Wealth Management Ltd. acquired a new position in MasTec in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its position in MasTec by 181.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in MasTec by 93.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock valued at $36,000 after acquiring an additional 128 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in MasTec by 162.4% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock worth $42,000 after acquiring an additional 190 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Stock Performance

MasTec stock traded up $2.26 on Friday, hitting $125.09. The company's stock had a trading volume of 504,775 shares, compared to its average volume of 939,268. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $120.35 and a 200-day moving average price of $132.52. The firm has a market cap of $9.89 billion, a P/E ratio of 111.69 and a beta of 1.62. MasTec, Inc. has a one year low of $86.12 and a one year high of $166.95.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of MasTec from $175.00 to $143.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. KeyCorp reduced their target price on MasTec from $168.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Wolfe Research initiated coverage on MasTec in a report on Monday, March 31st. They set a "peer perform" rating on the stock. B. Riley reissued a "buy" rating and set a $165.00 target price (up previously from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Finally, Robert W. Baird lowered their price target on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.00.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 2,517 shares of the company'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 transaction, the director now owns 23,000 shares in the company, valued at $3,027,490. This represents a 9.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 21.30% of the stock is owned by company insiders.

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.