MasTec, Inc. (NYSE:MTZ) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in MasTec, Inc. (NYSE:MTZGet Rating) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,635 shares of the construction company’s stock after purchasing an additional 4,044 shares during the period. New York State Common Retirement Fund owned approximately 0.13% of MasTec worth $8,917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lincoln National Corp lifted its stake in shares of MasTec by 5.2% in the third quarter. Lincoln National Corp now owns 2,627 shares of the construction company’s stock valued at $227,000 after purchasing an additional 130 shares during the period. Leuthold Group LLC raised its position in MasTec by 0.3% during the third quarter. Leuthold Group LLC now owns 48,769 shares of the construction company’s stock worth $4,208,000 after acquiring an additional 145 shares during the last quarter. Pitcairn Co. raised its position in MasTec by 2.9% during the third quarter. Pitcairn Co. now owns 5,384 shares of the construction company’s stock worth $465,000 after acquiring an additional 154 shares during the last quarter. CIBC Asset Management Inc raised its position in MasTec by 6.2% during the third quarter. CIBC Asset Management Inc now owns 2,785 shares of the construction company’s stock worth $240,000 after acquiring an additional 162 shares during the last quarter. Finally, Sheets Smith Wealth Management raised its position in MasTec by 0.8% during the fourth quarter. Sheets Smith Wealth Management now owns 22,719 shares of the construction company’s stock worth $2,097,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 74.20% of the company’s stock.

MasTec stock opened at $75.73 on Friday. MasTec, Inc. has a 1 year low of $71.85 and a 1 year high of $122.33. The firm has a 50 day moving average price of $83.50 and a 200 day moving average price of $88.56. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 17.02 and a beta of 1.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.56 and a current ratio of 1.61.

MasTec (NYSE:MTZGet Rating) last released its earnings results on Thursday, February 24th. The construction company reported $1.25 earnings per share (EPS) for the quarter. MasTec had a net margin of 4.14% and a return on equity of 17.24%. The firm had revenue of $1.81 billion during the quarter. Sell-side analysts predict that MasTec, Inc. will post 4.98 EPS for the current year.

A number of brokerages have issued reports on MTZ. B. Riley cut their target price on shares of MasTec from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, February 28th. Barclays cut their target price on shares of MasTec from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, February 28th. Zacks Investment Research lowered shares of MasTec from a “hold” rating to a “sell” rating and set a $99.00 price objective for the company. in a research report on Tuesday, January 4th. Credit Suisse Group cut their price objective on shares of MasTec from $130.00 to $114.00 and set an “outperform” rating for the company in a research report on Monday, February 28th. Finally, StockNews.com started coverage on shares of MasTec in a research report on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $118.00.

MasTec Company Profile (Get Rating)

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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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