MasTec, Inc. (NYSE:MTZ) Holdings Increased by Argent Capital Management LLC

Argent Capital Management LLC increased its position in MasTec, Inc. (NYSE:MTZ) by 33.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,375 shares of the construction company’s stock after acquiring an additional 31,675 shares during the quarter. Argent Capital Management LLC owned about 0.15% of MasTec worth $5,706,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in MasTec by 4.9% during the second quarter. Vanguard Group Inc. now owns 7,219,537 shares of the construction company’s stock valued at $325,963,000 after purchasing an additional 335,076 shares during the last quarter. BlackRock Inc. lifted its position in MasTec by 15,957.0% during the first quarter. BlackRock Inc. now owns 5,192,338 shares of the construction company’s stock valued at $207,953,000 after purchasing an additional 5,160,001 shares during the last quarter. Prudential Financial Inc. lifted its position in MasTec by 126.7% during the second 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 last quarter. State Street Corp lifted its position in MasTec by 6.8% during the second quarter. State Street Corp now owns 1,319,541 shares of the construction company’s stock valued at $59,578,000 after purchasing an additional 84,002 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its position in MasTec by 3.9% during the second quarter. Hood River Capital Management LLC now owns 1,099,113 shares of the construction company’s stock valued at $49,625,000 after purchasing an additional 40,885 shares during the last quarter. Institutional investors own 70.62% of the company’s stock.

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MasTec, Inc. (MTZ) traded up 0.356% on Tuesday, hitting $43.956. 228,598 shares of the company’s stock traded hands. MasTec, Inc. has a 12 month low of $27.10 and a 12 month high of $49.50. The stock has a market cap of $3.56 billion, a P/E ratio of 15.499 and a beta of 1.44. The stock has a 50 day moving average price of $43.77 and a 200-day moving average price of $43.47.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.34. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.50 billion. MasTec had a return on equity of 21.80% and a net margin of 3.89%. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Equities analysts predict that MasTec, Inc. will post $2.74 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and set a $55.50 target price on shares of MasTec in a research report on Saturday, August 19th. Canaccord Genuity reiterated a “buy” rating and set a $55.00 target price on shares of MasTec in a research report on Tuesday, August 15th. FBR & Co lifted their target price on shares of MasTec from $57.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Finally, KeyCorp reiterated a “buy” rating and set a $51.00 target price on shares of MasTec in a research report on Tuesday, September 19th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.36.

MasTec Company Profile

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.

Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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