MasTec, Inc. (MTZ) Position Raised by C M Bidwell & Associates Ltd.

C M Bidwell & Associates Ltd. boosted its position in shares of MasTec, Inc. (NYSE:MTZ) by 52.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,770 shares of the construction company’s stock after purchasing an additional 2,660 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in MasTec were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of MasTec by 29.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 54,836 shares of the construction company’s stock valued at $2,476,000 after acquiring an additional 12,345 shares during the period. Vanguard Group Inc. boosted its position in shares of MasTec by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,219,537 shares of the construction company’s stock worth $325,963,000 after purchasing an additional 335,076 shares in the last quarter. BlackRock Inc. boosted its position in shares of MasTec by 15,957.0% in the 1st quarter. BlackRock Inc. now owns 5,192,338 shares of the construction company’s stock worth $207,953,000 after purchasing an additional 5,160,001 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of MasTec by 39.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,000 shares of the construction company’s stock worth $5,767,000 after purchasing an additional 40,682 shares in the last quarter. Finally, Timpani Capital Management LLC boosted its position in shares of MasTec by 3.3% in the 2nd quarter. Timpani Capital Management LLC now owns 121,662 shares of the construction company’s stock worth $5,493,000 after purchasing an additional 3,909 shares in the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.

A number of analysts have commented on the company. Citigroup Inc. raised MasTec from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Friday, August 18th. Credit Suisse Group raised MasTec from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $46.00 to $55.00 in a research report on Monday, July 24th. KeyCorp reissued a “buy” rating and issued a $51.00 price objective on shares of MasTec in a report on Tuesday, September 19th. ValuEngine cut MasTec from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, FBR & Co boosted their price objective on MasTec from $57.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $53.36.

MasTec, Inc. (MTZ) traded up 0.35% during midday trading on Wednesday, hitting $43.40. The stock had a trading volume of 107,361 shares. The firm has a market cap of $3.51 billion, a P/E ratio of 15.30 and a beta of 1.45. MasTec, Inc. has a 12-month low of $27.10 and a 12-month high of $49.50. 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 quarterly earnings data on Thursday, August 3rd. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.34. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.50 billion. MasTec had a net margin of 3.89% and a return on equity of 21.80%. MasTec’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. On average, equities analysts anticipate that MasTec, Inc. will post $2.74 earnings per share for the current fiscal year.

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MasTec 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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