3,564 Shares in MasTec, Inc. (NYSE:MTZ) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,564 shares of the construction company’s stock, valued at approximately $485,000.

Other large investors also recently bought and sold shares of the company. Atom Investors LP lifted its holdings in shares of MasTec by 979.0% in the 3rd quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock worth $7,511,000 after acquiring an additional 55,363 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in MasTec by 8.9% during the second quarter. Texas Permanent School Fund Corp now owns 57,522 shares of the construction company’s stock worth $6,154,000 after purchasing an additional 4,716 shares in the last quarter. State Street Corp boosted its position in shares of MasTec by 1.4% during the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock worth $224,530,000 after buying an additional 24,522 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of MasTec in the third quarter valued at $1,470,000. Finally, Makena Capital Management LLC raised its holdings in shares of MasTec by 41.4% in the 3rd quarter. Makena Capital Management LLC now owns 87,146 shares of the construction company’s stock valued at $10,728,000 after buying an additional 25,532 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of research analyst reports. Citigroup raised their target price on MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Guggenheim started coverage on shares of MasTec in a research note on Wednesday. They issued a “buy” rating and a $195.00 price objective for the company. TD Cowen upped their target price on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. KeyCorp raised their price target on shares of MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.07.

Insider Buying and Selling at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the sale, the director now owns 42,478 shares in the company, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert E. Apple sold 19,023 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $135.63, for a total value of $2,580,089.49. Following the completion of the sale, the chief operating officer now directly owns 197,202 shares of the company’s stock, valued at approximately $26,746,507.26. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,023 shares of company stock worth $4,515,089 over the last three months. Insiders own 21.30% of the company’s stock.

MasTec Trading Up 0.2 %

MTZ opened at $146.72 on Thursday. 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 one year low of $60.96 and a one year high of $150.55. The company has a market cap of $11.63 billion, a P/E ratio of 131.00 and a beta of 1.74. The business’s 50-day simple moving average is $138.82 and its 200-day simple moving average is $122.01.

MasTec Company 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.