First National Advisers LLC Has $3.74 Million Holdings in MasTec, Inc. (NYSE:MTZ)

First National Advisers LLC lessened its stake in MasTec, Inc. (NYSE:MTZ) by 18.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,440 shares of the construction company’s stock after selling 6,231 shares during the quarter. First National Advisers LLC’s holdings in MasTec were worth $3,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System boosted its holdings 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 valued at $4,398,000 after buying an additional 5,750 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings 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 valued at $3,880,000 after buying an additional 8,948 shares during the period. Atom Investors LP boosted its holdings 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 valued at $7,511,000 after buying an additional 55,363 shares during the period. Exchange Traded Concepts LLC boosted its holdings 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 valued at $2,433,000 after buying an additional 13,241 shares during the period. Finally, State Street Corp lifted 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 purchasing an additional 24,522 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Price Performance

Shares of MTZ opened at $120.61 on Friday. The firm has a market capitalization of $9.56 billion, a PE ratio of 107.69 and a beta of 1.74. The company’s 50-day moving average is $137.76 and its 200-day moving average is $132.18. MasTec, Inc. has a fifty-two week low of $82.29 and a fifty-two week high of $166.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

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

Analyst Ratings Changes

A number of brokerages have recently commented on MTZ. Citigroup boosted their price objective on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Robert W. Baird cut their price objective on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Truist Financial boosted their price objective on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Guggenheim assumed coverage on shares of MasTec in a research report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $160.14.

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.