University of Notre Dame DU Lac grew its stake in MasTec, Inc. (NYSE:MTZ) by 19.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,321 shares of the construction company’s stock after purchasing an additional 19,023 shares during the period. MasTec makes up approximately 1.5% of University of Notre Dame DU Lac’s holdings, making the stock its 16th largest holding. University of Notre Dame DU Lac owned approximately 0.14% of MasTec worth $5,444,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in MTZ. Prudential Financial Inc. grew its stake in shares of MasTec by 126.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,484,687 shares of the construction company’s stock valued at $67,033,000 after purchasing an additional 829,650 shares during the period. Gotham Asset Management LLC bought a new stake in MasTec during the 2nd quarter worth approximately $19,803,000. Koch Industries Inc. bought a new stake in MasTec during the 2nd quarter worth approximately $429,000. Macquarie Group Ltd. grew its position in MasTec by 15.3% during the 3rd quarter. Macquarie Group Ltd. now owns 3,046,860 shares of the construction company’s stock worth $141,374,000 after acquiring an additional 404,076 shares during the last quarter. Finally, 1060 Capital LLC grew its position in MasTec by 73.0% during the 3rd quarter. 1060 Capital LLC now owns 940,275 shares of the construction company’s stock worth $43,629,000 after acquiring an additional 396,847 shares during the last quarter. Institutional investors own 73.23% of the company’s stock.
MTZ has been the topic of a number of research analyst reports. Robert W. Baird upgraded MasTec from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $51.00 to $53.00 in a research report on Monday, November 6th. Zacks Investment Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 9th. ValuEngine lowered MasTec from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Deutsche Bank upgraded MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, September 12th. Finally, Credit Suisse Group increased their price target on MasTec from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. MasTec presently has an average rating of “Buy” and a consensus price target of $55.14.
MasTec, Inc. (NYSE MTZ) traded up $0.90 during mid-day trading on Tuesday, hitting $45.75. The stock had a trading volume of 1,836,900 shares, compared to its average volume of 891,067. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74. The firm has a market cap of $3,711.81, a P/E ratio of 14.90, a P/E/G ratio of 1.21 and a beta of 1.53. MasTec, Inc. has a one year low of $34.33 and a one year high of $49.50.
MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.09. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.66 billion. MasTec had a return on equity of 20.67% and a net margin of 3.78%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. analysts predict that MasTec, Inc. will post 2.65 EPS for the current year.
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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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