5,803 Shares in MasTec, Inc. (NYSE:MTZ) Bought by Twinbeech Capital LP

Twinbeech Capital LP bought a new position in shares of MasTec, Inc. (NYSE:MTZ) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,803 shares of the construction company’s stock, valued at approximately $544,000.

A number of other hedge funds also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in MasTec by 3.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,979 shares of the construction company’s stock worth $271,000 after acquiring an additional 144 shares during the period. Stifel Financial Corp increased its position in MasTec by 1.0% during the first quarter. Stifel Financial Corp now owns 15,053 shares of the construction company’s stock worth $1,410,000 after acquiring an additional 147 shares during the period. Wedbush Securities Inc. increased its position in MasTec by 3.5% during the first quarter. Wedbush Securities Inc. now owns 4,482 shares of the construction company’s stock worth $420,000 after acquiring an additional 152 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in MasTec by 1.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 20,929 shares of the construction company’s stock worth $1,961,000 after buying an additional 200 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its stake in MasTec by 17.0% during the first quarter. NEXT Financial Group Inc now owns 1,391 shares of the construction company’s stock worth $130,000 after buying an additional 202 shares in the last quarter. 79.07% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Monday, May 17th. The stock was sold at an average price of $120.14, for a total value of $360,420.00. Following the completion of the sale, the director now directly owns 52,827 shares of the company’s stock, valued at approximately $6,346,635.78. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 24.70% of the company’s stock.

Shares of NYSE:MTZ opened at $101.25 on Thursday. The company has a market cap of $7.52 billion, a PE ratio of 18.70 and a beta of 1.30. MasTec, Inc. has a 1-year low of $37.40 and a 1-year high of $122.33. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.56 and a quick ratio of 1.51. The stock’s 50-day moving average price is $110.08.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, May 6th. The construction company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.39. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.60 billion. MasTec had a return on equity of 20.48% and a net margin of 5.27%. MasTec’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. Sell-side analysts expect that MasTec, Inc. will post 5.16 EPS for the current fiscal year.

MTZ has been the topic of a number of recent research reports. Barclays lifted their price target on shares of MasTec from $110.00 to $140.00 in a research note on Monday, May 10th. Zacks Investment Research downgraded shares of MasTec from a “buy” rating to a “hold” rating and set a $102.00 price target on the stock. in a research note on Tuesday. Credit Suisse Group boosted their target price on shares of MasTec from $114.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, May 10th. boosted their target price on shares of MasTec from $118.00 to $133.00 in a research note on Monday, May 10th. Finally, Citigroup boosted their target price on shares of MasTec from $118.00 to $133.00 in a research note on Monday, May 10th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $108.50.

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, Electrical Transmission, and Other.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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