Cwm LLC Has $6.39 Million Holdings in MasTec, Inc. $MTZ

Cwm LLC lifted its stake in MasTec, Inc. (NYSE:MTZ) by 56.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 30,044 shares of the construction company’s stock after buying an additional 10,835 shares during the period. Cwm LLC’s holdings in MasTec were worth $6,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of MTZ. Caldwell Trust Co bought a new stake in MasTec in the 2nd quarter valued at $29,000. Parkside Financial Bank & Trust raised its position in shares of MasTec by 253.7% during the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after buying an additional 137 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of MasTec in the third quarter valued at about $43,000. Ameritas Advisory Services LLC acquired a new stake in MasTec during the second quarter worth about $35,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in MasTec during the second quarter worth about $43,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MasTec

In other MasTec news, CAO Timothy Michael Love sold 1,929 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $206.15, for a total value of $397,663.35. Following the transaction, the chief accounting officer directly owned 9,757 shares in the company, valued at $2,011,405.55. The trade was a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.30% of the stock is owned by corporate insiders.

MasTec Stock Down 1.1%

Shares of NYSE MTZ opened at $220.37 on Wednesday. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $233.14. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33. The business has a fifty day moving average of $210.29 and a two-hundred day moving average of $194.08. The stock has a market cap of $17.39 billion, a PE ratio of 52.34 and a beta of 1.94.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MTZ shares. Barclays raised their price objective on MasTec from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. KeyCorp raised their target price on MasTec from $236.00 to $246.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Jefferies Financial Group boosted their price target on shares of MasTec from $218.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a research note on Monday. Finally, Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.06.

MasTec Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.