22Nw LP raised its position in MasTec, Inc. (NYSE:MTZ) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,056 shares of the construction company’s stock after purchasing an additional 6,400 shares during the quarter. MasTec comprises 3.4% of 22Nw LP’s investment portfolio, making the stock its 5th biggest position. 22Nw LP owned 0.15% of MasTec worth $5,849,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in MasTec by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,219,537 shares of the construction company’s stock valued at $325,963,000 after purchasing an additional 335,076 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in MasTec by 29.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 54,836 shares of the construction company’s stock valued at $2,476,000 after purchasing an additional 12,345 shares during the last quarter. Timpani Capital Management LLC boosted its holdings in MasTec by 3.3% in the 2nd quarter. Timpani Capital Management LLC now owns 121,662 shares of the construction company’s stock valued at $5,493,000 after purchasing an additional 3,909 shares during the last quarter. Koch Industries Inc. acquired a new position in MasTec in the 2nd quarter valued at about $429,000. Finally, Gotham Asset Management LLC acquired a new position in MasTec in the 2nd quarter valued at about $19,803,000. Institutional investors own 73.23% of the company’s stock.

Shares of MasTec, Inc. (MTZ) traded down $0.75 on Wednesday, reaching $45.00. 1,220,900 shares of the company traded hands, compared to its average volume of 892,477. MasTec, Inc. has a 1 year low of $34.33 and a 1 year high of $49.50. The stock has a market cap of $3,786.30, a P/E ratio of 15.20, a P/E/G ratio of 1.24 and a beta of 1.53. 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 (NYSE:MTZ) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.73 by $0.09. MasTec had a net margin of 3.78% and a return on equity of 20.67%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the business posted $0.81 EPS. The firm’s revenue was up 23.3% on a year-over-year basis. research analysts predict that MasTec, Inc. will post 2.65 earnings per share for the current year.

Several equities analysts have weighed in on MTZ shares. Citigroup set a $54.00 target price on shares of MasTec and gave the company a “buy” rating in a report on Friday, October 27th. Deutsche Bank raised shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.50 target price on shares of MasTec in a research note on Friday, October 13th. Robert W. Baird raised shares of MasTec from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $51.00 to $53.00 in a research note on Monday, November 6th. Finally, ValuEngine downgraded shares of MasTec from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $55.14.

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MasTec Profile

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.

Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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