Alpine Woods Capital Investors LLC Buys 15,000 Shares of MasTec, Inc. (MTZ)
Alpine Woods Capital Investors LLC boosted its stake in MasTec, Inc. (NYSE:MTZ) by 54.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,500 shares of the construction company’s stock after purchasing an additional 15,000 shares during the period. Alpine Woods Capital Investors LLC owned about 0.05% of MasTec worth $1,972,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MTZ. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MasTec by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the construction company’s stock valued at $100,000 after purchasing an additional 229 shares during the period. SG Americas Securities LLC acquired a new stake in MasTec in the second quarter valued at $102,000. Global X Management Co. LLC increased its holdings in MasTec by 220.7% in the second quarter. Global X Management Co. LLC now owns 2,614 shares of the construction company’s stock valued at $118,000 after purchasing an additional 1,799 shares during the period. Creative Planning increased its holdings in MasTec by 16.4% in the second quarter. Creative Planning now owns 2,685 shares of the construction company’s stock valued at $121,000 after purchasing an additional 379 shares during the period. Finally, Chicago Partners Investment Group LLC acquired a new stake in MasTec in the second quarter valued at $157,000. Institutional investors and hedge funds own 73.23% of the company’s stock.
Shares of MasTec, Inc. (MTZ) traded up $1.00 during trading on Tuesday, reaching $41.60. The company’s stock had a trading volume of 1,296,100 shares, compared to its average volume of 887,508. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74. MasTec, Inc. has a 52-week low of $34.33 and a 52-week high of $49.50. The firm has a market cap of $3,360.00, a P/E ratio of 13.49, a P/E/G ratio of 1.09 and a beta of 1.54.
MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.09. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.66 billion. MasTec had a net margin of 3.28% and a return on equity of 20.28%. The business’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. analysts forecast that MasTec, Inc. will post 2.65 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the company. Citigroup Inc. upgraded MasTec from a “neutral” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Friday, August 18th. Credit Suisse Group upgraded MasTec from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $46.00 to $55.00 in a report on Monday, July 24th. Robert W. Baird upgraded MasTec from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $51.00 to $53.00 in a report on Monday, November 6th. KeyCorp restated a “buy” rating and issued a $51.00 price objective on shares of MasTec in a report on Tuesday, September 19th. Finally, ValuEngine downgraded MasTec from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.14.
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
Receive News & Stock Ratings for MasTec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec Inc. and related stocks with our FREE daily email newsletter.