The Manufacturers Life Insurance Company boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,843 shares of the construction company’s stock after buying an additional 692 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of MasTec worth $2,341,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in MasTec by 4.9% during the second quarter. Vanguard Group Inc. now owns 7,219,537 shares of the construction company’s stock worth $325,963,000 after buying an additional 335,076 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in MasTec by 29.1% during the second quarter. BNP Paribas Arbitrage SA now owns 54,836 shares of the construction company’s stock worth $2,476,000 after buying an additional 12,345 shares during the last quarter. BlackRock Inc. raised its holdings in MasTec by 15,957.0% during the first quarter. BlackRock Inc. now owns 5,192,338 shares of the construction company’s stock worth $207,953,000 after buying an additional 5,160,001 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in MasTec by 39.4% during the first quarter. Goldman Sachs Group Inc. now owns 144,000 shares of the construction company’s stock worth $5,767,000 after buying an additional 40,682 shares during the last quarter. Finally, Timpani Capital Management LLC raised its holdings in MasTec by 3.3% during the second quarter. Timpani Capital Management LLC now owns 121,662 shares of the construction company’s stock worth $5,493,000 after buying an additional 3,909 shares during the last quarter. Hedge funds and other institutional investors own 71.47% of the company’s stock.
MasTec, Inc. (NYSE MTZ) opened at $42.85 on Friday. The firm has a market cap of $3,546.31, a PE ratio of 14.24, a P/E/G ratio of 1.19 and a beta of 1.54. The company has a current ratio of 1.93, a quick ratio of 1.83 and a debt-to-equity ratio of 1.07. MasTec, Inc. has a 1 year low of $28.55 and a 1 year high of $49.50.
MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.09. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.66 billion. MasTec had a net margin of 3.78% and a return on equity of 21.30%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. equities analysts forecast that MasTec, Inc. will post 2.57 EPS for the current year.
MTZ has been the topic of several research reports. Zacks Investment Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday, October 9th. Deutsche Bank AG upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Tuesday, September 12th. ValuEngine downgraded shares of MasTec from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. FBR & Co upped their price objective on shares of MasTec from $57.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Finally, BidaskClub lowered shares of MasTec from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $53.86.
MasTec Company 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.
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