Mutual of America Capital Management LLC Sells 1,304 Shares of MasTec, Inc. (NYSE:MTZ)

Mutual of America Capital Management LLC reduced its stake in MasTec, Inc. (NYSE:MTZ) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,016 shares of the construction company’s stock after selling 1,304 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MasTec were worth $3,358,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP bought a new position in MasTec in the 4th quarter valued at about $37,000. CWM LLC increased its holdings in shares of MasTec by 59.4% during the fourth quarter. CWM LLC now owns 837 shares of the construction company’s stock worth $63,000 after purchasing an additional 312 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of MasTec by 30.9% during the fourth quarter. Quadrant Capital Group LLC now owns 897 shares of the construction company’s stock worth $68,000 after purchasing an additional 212 shares during the period. Neo Ivy Capital Management increased its holdings in shares of MasTec by 891.9% during the fourth quarter. Neo Ivy Capital Management now owns 1,349 shares of the construction company’s stock worth $102,000 after purchasing an additional 1,213 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in shares of MasTec by 69,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,097 shares of the construction company’s stock worth $159,000 after purchasing an additional 2,094 shares during the period. 78.10% of the stock is owned by institutional investors.

Insider Buying and Selling at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 2,850 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $106.67, for a total value of $304,009.50. Following the sale, the director now owns 10,666 shares in the company, valued at $1,137,742.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Javier Alberto Palomarez sold 2,850 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $106.67, for a total transaction of $304,009.50. Following the completion of the transaction, the director now owns 10,666 shares of the company’s stock, valued at $1,137,742.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $110.00, for a total transaction of $220,000.00. Following the transaction, the director now directly owns 50,725 shares of the company’s stock, valued at approximately $5,579,750. The disclosure for this sale can be found here. Company insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

MTZ has been the topic of several recent research reports. Craig Hallum raised their target price on shares of MasTec from $96.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, May 6th. B. Riley reaffirmed a “buy” rating and set a $132.00 target price on shares of MasTec in a report on Thursday, June 27th. StockNews.com raised shares of MasTec from a “hold” rating to a “buy” rating in a report on Monday, May 6th. Barclays increased their price target on shares of MasTec from $106.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Finally, Robert W. Baird increased their price target on shares of MasTec from $89.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $116.23.

MasTec Stock Performance

Shares of MasTec stock opened at $103.85 on Friday. MasTec, Inc. has a fifty-two week low of $44.65 and a fifty-two week high of $123.33. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.31 and a quick ratio of 1.27. The firm has a market capitalization of $8.25 billion, a P/E ratio of -741.79 and a beta of 1.65. The company’s 50 day moving average price is $107.52 and its two-hundred day moving average price is $89.12.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, May 2nd. The construction company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.33. MasTec had a negative net margin of 0.09% and a positive return on equity of 6.19%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.62 billion. On average, equities analysts forecast that MasTec, Inc. will post 2.58 earnings per share for the current fiscal year.

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.