Alpha Windward LLC decreased its position in MasTec, Inc. (NYSE:MTZ) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,860 shares of the construction company’s stock after selling 1,860 shares during the period. Alpha Windward LLC’s holdings in MasTec were worth $490,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in MTZ. BlackRock Inc. raised its stake in shares of MasTec by 15,957.0% in 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. Vanguard Group Inc. raised its stake in shares of MasTec by 12.1% in the first quarter. Vanguard Group Inc. now owns 6,884,461 shares of the construction company’s stock worth $275,723,000 after buying an additional 743,879 shares during the last quarter. Norges Bank acquired a new stake in shares of MasTec during the fourth quarter worth about $26,156,000. Prudential Financial Inc. raised its stake in shares of MasTec by 493.6% in the first quarter. Prudential Financial Inc. now owns 655,037 shares of the construction company’s stock worth $26,234,000 after buying an additional 544,680 shares during the last quarter. Finally, FMR LLC acquired a new stake in shares of MasTec during the fourth quarter worth about $20,566,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.
Shares of MasTec, Inc. (NYSE MTZ) traded down 0.75% during trading on Friday, hitting $46.15. The stock had a trading volume of 374,443 shares. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 21.66 and a beta of 1.44. The stock’s 50-day moving average price is $45.33 and its 200 day moving average price is $41.64. MasTec, Inc. has a one year low of $23.86 and a one year high of $47.90.
MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, May 4th. The construction company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.06 billion. MasTec had a net margin of 3.29% and a return on equity of 18.02%. The company’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the business posted $0.02 earnings per share. On average, equities analysts forecast that MasTec, Inc. will post $2.46 EPS for the current year.
WARNING: This article was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://stocknewstimes.com/2017/07/30/alpha-windward-llc-has-490000-position-in-mastec-inc-nysemtz-updated.html.
MTZ has been the topic of a number of analyst reports. DA Davidson raised MasTec from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $50.00 in a research report on Thursday, April 13th. Zacks Investment Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th. Vetr raised MasTec from a “hold” rating to a “buy” rating and set a $45.42 price objective for the company in a report on Monday, May 15th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 price objective on shares of MasTec in a report on Monday, May 15th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $45.00 price objective (up from $40.00) on shares of MasTec in a report on Saturday, April 22nd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $43.40.
In other news, Director C Robert Campbell sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $45.00, for a total transaction of $540,000.00. Following the completion of the sale, the director now owns 67,082 shares of the company’s stock, valued at $3,018,690. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jose S. Sorzano sold 2,391 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $45.56, for a total transaction of $108,933.96. Following the sale, the director now directly owns 37,545 shares of the company’s stock, valued at approximately $1,710,550.20. The disclosure for this sale can be found here. Company insiders own 20.30% of the company’s stock.
About MasTec
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.
