MONECO Advisors LLC Purchases 150 Shares of MasTec, Inc. (NYSE:MTZ)

MONECO Advisors LLC increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,293 shares of the construction company’s stock after acquiring an additional 150 shares during the period. MONECO Advisors LLC’s holdings in MasTec were worth $249,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in MasTec by 1.5% during the third quarter. Arizona State Retirement System now owns 17,963 shares of the construction company’s stock worth $1,293,000 after buying an additional 258 shares during the last quarter. Schechter Investment Advisors LLC increased its holdings in MasTec by 1.0% during the 3rd quarter. Schechter Investment Advisors LLC now owns 28,505 shares of the construction company’s stock valued at $2,052,000 after purchasing an additional 280 shares in the last quarter. CWM LLC increased its holdings in MasTec by 59.4% during the 4th quarter. CWM LLC now owns 837 shares of the construction company’s stock valued at $63,000 after purchasing an additional 312 shares in the last quarter. D.A. Davidson & CO. raised its position in MasTec by 11.0% in the 3rd quarter. D.A. Davidson & CO. now owns 3,394 shares of the construction company’s stock valued at $244,000 after purchasing an additional 336 shares during the last quarter. Finally, Glenview Trust co boosted its stake in MasTec by 13.5% in the third quarter. Glenview Trust co now owns 3,104 shares of the construction company’s stock worth $223,000 after purchasing an additional 370 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of research analyst reports. TD Cowen boosted their target price on shares of MasTec from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Citigroup upped their price objective on MasTec from $99.00 to $104.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. DA Davidson reissued a “buy” rating and issued a $70.00 target price on shares of MasTec in a research note on Monday, March 4th. UBS Group boosted their target price on MasTec from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Truist Financial assumed coverage on MasTec in a report on Thursday, March 14th. They issued a “hold” rating and a $96.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $96.85.

MasTec Trading Down 0.3 %

MTZ opened at $88.42 on Thursday. The business’s 50-day simple moving average is $86.96 and its 200 day simple moving average is $72.64. MasTec, Inc. has a 52-week low of $44.65 and a 52-week high of $123.33. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.20. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.26 billion. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. As a group, equities research analysts forecast that MasTec, Inc. will post 2.33 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.