First National Bank of Omaha Buys Shares of 25,580 MasTec, Inc. $MTZ

First National Bank of Omaha purchased a new stake in MasTec, Inc. (NYSE:MTZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,580 shares of the construction company’s stock, valued at approximately $5,444,000.

Several other large investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of MasTec by 92.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 65,027 shares of the construction company’s stock valued at $13,981,000 after acquiring an additional 31,218 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in MasTec by 14.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock valued at $3,531,000 after purchasing an additional 2,158 shares during the last quarter. Bridge City Capital LLC lifted its holdings in MasTec by 27.2% in the 2nd quarter. Bridge City Capital LLC now owns 49,357 shares of the construction company’s stock valued at $8,412,000 after purchasing an additional 10,565 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of MasTec during the 2nd quarter worth about $12,366,000. Finally, Marco Investment Management LLC grew its holdings in shares of MasTec by 28.2% during the third quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after buying an additional 6,955 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Trading Down 0.7%

NYSE:MTZ opened at $267.56 on Wednesday. The business’s 50-day moving average is $236.26 and its two-hundred day moving average is $211.11. The firm has a market capitalization of $21.11 billion, a PE ratio of 63.55 and a beta of 1.94. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $276.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.33 and a quick ratio of 1.30.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MTZ. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a research note on Monday, December 29th. Citigroup lifted their price objective on MasTec from $248.00 to $284.00 and gave the company a “buy” rating in a research report on Monday, January 26th. KeyCorp reiterated an “overweight” rating and set a $264.00 target price on shares of MasTec in a research report on Wednesday, January 7th. Truist Financial lifted their price target on MasTec from $253.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, Cantor Fitzgerald assumed coverage on shares of MasTec in a report on Friday, January 23rd. They set an “overweight” rating and a $274.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $238.16.

MasTec Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.