Bridge City Capital LLC Purchases 341 Shares of MasTec, Inc. (NYSE:MTZ)

Bridge City Capital LLC lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,969 shares of the construction company’s stock after acquiring an additional 341 shares during the period. MasTec makes up about 1.4% of Bridge City Capital LLC’s portfolio, making the stock its 21st largest holding. Bridge City Capital LLC’s holdings in MasTec were worth $5,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTZ. State Street Corp raised its position in MasTec by 1.4% during the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock valued at $224,530,000 after purchasing an additional 24,522 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of MasTec by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company’s stock worth $126,370,000 after buying an additional 16,844 shares during the last quarter. Point72 Asset Management L.P. grew its position in MasTec by 57.7% in the third quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company’s stock valued at $94,096,000 after acquiring an additional 279,778 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in MasTec by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company’s stock valued at $77,592,000 after acquiring an additional 7,469 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in MasTec by 25.9% during the fourth quarter. Bank of New York Mellon Corp now owns 556,686 shares of the construction company’s stock worth $75,787,000 after acquiring an additional 114,502 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTZ. KeyCorp lifted 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. B. Riley reiterated a “buy” rating and issued a $165.00 price target (up from $151.00) on shares of MasTec in a research note on Wednesday. Stifel Nicolaus reduced their price objective on MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Barclays increased their target price on MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird reduced their price target on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.07.

MasTec Stock Performance

Shares of MTZ opened at $123.89 on Friday. The firm’s fifty day simple moving average is $135.56 and its two-hundred day simple moving average is $132.67. MasTec, Inc. has a 12 month low of $82.29 and a 12 month high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $9.82 billion, a P/E ratio of 110.61 and a beta of 1.74.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.32 billion. As a group, analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

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, Power Delivery, and Other.