Crossmark Global Holdings Inc. Has $1.69 Million Stake in MasTec, Inc. (NYSE:MTZ)

Crossmark Global Holdings Inc. lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,397 shares of the construction company’s stock after purchasing an additional 724 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in MasTec were worth $1,687,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MTZ. American Century Companies Inc. raised its position in shares of MasTec by 12.9% during the second quarter. American Century Companies Inc. now owns 15,557 shares of the construction company’s stock worth $1,664,000 after purchasing an additional 1,777 shares during the period. Envestnet Asset Management Inc. raised its position in shares of MasTec by 169.7% during the second quarter. Envestnet Asset Management Inc. now owns 21,703 shares of the construction company’s stock worth $2,322,000 after purchasing an additional 13,656 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in MasTec by 12.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,170 shares of the construction company’s stock valued at $553,000 after buying an additional 582 shares during the last quarter. Xponance Inc. raised its position in MasTec by 3.7% in the 2nd quarter. Xponance Inc. now owns 7,544 shares of the construction company’s stock valued at $807,000 after buying an additional 268 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in MasTec in the 2nd quarter valued at $86,000. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the director now owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief operating officer now owns 187,202 shares of the company’s stock, valued at approximately $28,080,300. This represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,023 shares of company stock worth $4,515,089. 21.30% of the stock is owned by company insiders.

MasTec Stock Up 0.6 %

MTZ stock opened at $160.08 on Friday. 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 company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 142.93 and a beta of 1.74. MasTec, Inc. has a fifty-two week low of $62.87 and a fifty-two week high of $166.95. The stock has a fifty day moving average of $142.40 and a 200-day moving average of $125.48.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on MasTec in a research report on Monday, October 7th. They issued an “overweight” rating and a $153.00 price target for the company. KeyCorp increased their price target on MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Stifel Nicolaus increased their price target on MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial increased their price target on MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Craig Hallum increased their price target on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.21.

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.