TFO Wealth Partners LLC Acquires 2,094 Shares of MasTec, Inc. (NYSE:MTZ)

TFO Wealth Partners LLC increased its holdings in shares of MasTec, Inc. (NYSE:MTZFree Report) by 69,800.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,097 shares of the construction company’s stock after acquiring an additional 2,094 shares during the quarter. TFO Wealth Partners LLC’s holdings in MasTec were worth $159,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MTZ. Vontobel Holding Ltd. increased its position in MasTec by 16.2% in the fourth quarter. Vontobel Holding Ltd. now owns 1,036,101 shares of the construction company’s stock worth $78,454,000 after buying an additional 144,180 shares during the last quarter. 1492 Capital Management LLC purchased a new stake in MasTec in the fourth quarter worth $1,059,000. Vanguard Group Inc. increased its position in MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,970,130 shares of the construction company’s stock worth $429,670,000 after buying an additional 33,592 shares during the last quarter. Oak Thistle LLC purchased a new stake in MasTec in the fourth quarter worth $883,000. Finally, Nordea Investment Management AB increased its position in MasTec by 35.0% in the fourth quarter. Nordea Investment Management AB now owns 3,963,774 shares of the construction company’s stock worth $297,006,000 after buying an additional 1,027,085 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Trading Down 0.3 %

NYSE MTZ opened at $111.90 on Tuesday. MasTec, Inc. has a 1-year low of $44.65 and a 1-year high of $123.33. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average of $97.36 and a 200-day moving average of $80.66. The firm has a market cap of $8.89 billion, a PE ratio of -799.29 and a beta of 1.66.

MasTec (NYSE:MTZGet Free Report) last released 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 positive return on equity of 6.19% and a negative net margin of 0.09%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.62 billion. As a group, sell-side analysts forecast that MasTec, Inc. will post 2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Robert W. Baird lifted their price target on MasTec from $89.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Truist Financial reissued a “hold” rating and set a $109.00 price objective (up previously from $96.00) on shares of MasTec in a research note on Monday, May 6th. TD Cowen lifted their price objective on MasTec from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, May 6th. KeyCorp lifted their price objective on MasTec from $113.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Finally, Stifel Nicolaus lifted their price target on MasTec from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.23.

View Our Latest Research Report on MTZ

Insider Activity at MasTec

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

MasTec Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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