MasTec, Inc. (NYSE:MTZ) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 45.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,498 shares of the construction company’s stock after purchasing an additional 8,948 shares during the period. Kingswood Wealth Advisors LLC’s holdings in MasTec were worth $3,880,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc grew its stake in MasTec by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock valued at $281,000 after acquiring an additional 82 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of MasTec by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock worth $423,000 after purchasing an additional 94 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of MasTec by 0.4% in the third quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company’s stock valued at $3,269,000 after buying an additional 100 shares during the last quarter. Victory Capital Management Inc. boosted its position in MasTec by 0.8% during the third quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock worth $1,583,000 after acquiring an additional 101 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in MasTec by 29.8% in the 4th quarter. UMB Bank n.a. now owns 492 shares of the construction company’s stock worth $67,000 after acquiring an additional 113 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Down 0.4 %

NYSE:MTZ opened at $159.50 on Monday. MasTec, Inc. has a 1 year low of $63.97 and a 1 year high of $166.95. The business has a fifty day moving average of $143.34 and a 200-day moving average of $126.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 142.41 and a beta of 1.74.

Analysts Set New Price Targets

MTZ has been the topic of several research analyst reports. B. Riley reissued a “buy” rating and issued a $166.00 target price (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Citigroup upped their price objective on MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their target price on MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Guggenheim started coverage on MasTec in a report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on MasTec in a report on Monday, October 7th. They set an “overweight” rating and a $153.00 target price for the company. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.21.

Insider Buying and Selling

In related news, COO Robert E. Apple sold 19,023 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $135.63, for a total value of $2,580,089.49. Following the completion of the transaction, the chief operating officer now owns 197,202 shares in the company, valued at $26,746,507.26. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the sale, the director now owns 42,478 shares of the company’s stock, valued at approximately $6,159,310. This trade represents a 6.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,023 shares of company stock valued at $4,515,089 over the last quarter. Corporate insiders own 21.30% of the company’s stock.

MasTec Profile

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