Crossmark Global Holdings Inc. Grows Holdings in MasTec, Inc. (NYSE:MTZ)

Crossmark Global Holdings Inc. lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 216.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,673 shares of the construction company’s stock after acquiring an additional 7,984 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in MasTec were worth $1,437,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System increased its stake in MasTec by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company’s stock worth $3,269,000 after buying an additional 100 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of MasTec by 46.3% in the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after acquiring an additional 120 shares during the last quarter. Blue Trust Inc. increased its position in shares of MasTec by 32.6% during the second quarter. Blue Trust Inc. now owns 561 shares of the construction company’s stock worth $60,000 after purchasing an additional 138 shares in the last quarter. GAMMA Investing LLC raised its stake in MasTec by 64.9% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after purchasing an additional 144 shares during the last quarter. Finally, Second Line Capital LLC lifted its holdings in MasTec by 0.8% in the 1st quarter. Second Line Capital LLC now owns 30,026 shares of the construction company’s stock valued at $2,800,000 after purchasing an additional 225 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Stock Down 0.3 %

Shares of NYSE MTZ opened at $139.32 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $124.08 and its two-hundred day moving average is $112.91. MasTec, Inc. has a 52-week low of $50.90 and a 52-week high of $147.23. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 124.39 and a beta of 1.70.

Insider Activity

In other MasTec news, COO Robert E. Apple sold 800 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $130.04, for a total transaction of $104,032.00. Following the sale, the chief operating officer now directly owns 216,402 shares in the company, valued at $28,140,916.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Robert E. Apple sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $130.04, for a total transaction of $104,032.00. Following the sale, the chief operating officer now owns 216,402 shares of the company’s stock, valued at approximately $28,140,916.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction on Friday, September 20th. The shares were sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the transaction, the chief operating officer now owns 217,202 shares of the company’s stock, valued at approximately $27,426,096.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,823 shares of company stock valued at $5,558,301. 21.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of recent research reports. Craig Hallum increased their target price on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, November 4th. UBS Group boosted their target price on MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. TD Cowen increased their price target on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 4th. DA Davidson upped their target price on MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Truist Financial raised MasTec from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $173.00 in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.62.

MasTec Company 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.