MasTec, Inc. (NYSE:MTZ) Stock Position Raised by Emerald Advisers LLC

Emerald Advisers LLC lifted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,775 shares of the construction company’s stock after acquiring an additional 166 shares during the quarter. Emerald Advisers LLC’s holdings in MasTec were worth $786,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New York State Teachers Retirement System boosted its position in shares of MasTec by 21.7% in the fourth quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company’s stock worth $4,398,000 after buying an additional 5,750 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of MasTec by 45.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company’s stock worth $3,880,000 after buying an additional 8,948 shares during the period. Atom Investors LP boosted its position in shares of MasTec by 979.0% in the third quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock worth $7,511,000 after buying an additional 55,363 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of MasTec by 286.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company’s stock worth $2,433,000 after buying an additional 13,241 shares during the period. Finally, State Street Corp boosted its position in shares of MasTec by 1.4% in the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock worth $224,530,000 after buying an additional 24,522 shares during the period. 78.10% of the stock is owned by institutional investors.

MasTec Stock Down 2.1 %

MTZ stock opened at $123.89 on Monday. MasTec, Inc. has a twelve month low of $82.29 and a twelve month high of $166.95. The company has a market cap of $9.82 billion, a PE ratio of 110.61 and a beta of 1.74. The business’s 50-day simple moving average is $135.56 and its 200 day simple moving average is $132.88. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. On average, research analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MTZ. Citigroup raised their target price on MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Stifel Nicolaus decreased their target price on MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. B. Riley reiterated a “buy” rating and set a $165.00 price objective (up from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Truist Financial increased their price objective on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Barclays increased their price objective on MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $160.07.

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.