MasTec, Inc. (NYSE:MTZ) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in MasTec, Inc. (NYSE:MTZ) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,980 shares of the construction company’s stock after selling 5,979 shares during the period. Royce & Associates LP’s holdings in MasTec were worth $10,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MTZ. Ameliora Wealth Management Ltd. acquired a new position in shares of MasTec in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in MasTec in the third quarter worth $25,000. Smartleaf Asset Management LLC increased its stake in shares of MasTec by 93.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock valued at $36,000 after purchasing an additional 128 shares during the period. Finally, Global Retirement Partners LLC raised its stake in MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock valued at $42,000 after acquiring an additional 190 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTZ has been the topic of several research reports. Stifel Nicolaus dropped their price target on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Truist Financial lifted their target price on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Robert W. Baird lowered their price target on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Finally, KeyCorp increased their price target on shares of MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.14.

MasTec Trading Up 2.9 %

Shares of NYSE MTZ opened at $124.04 on Tuesday. The stock has a market cap of $9.84 billion, a P/E ratio of 110.75 and a beta of 1.74. The firm has a 50 day moving average price of $137.28 and a two-hundred day moving average price of $132.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec, Inc. has a 52-week low of $82.29 and a 52-week high of $166.95.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 8.27% and a net margin of 0.73%. As a group, equities analysts forecast that MasTec, Inc. will post 3.44 EPS for the current 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.