MasTec, Inc. $MTZ Stock Position Boosted by Bridge City Capital LLC

Bridge City Capital LLC boosted its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 27.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,357 shares of the construction company's stock after purchasing an additional 10,565 shares during the quarter. MasTec comprises 2.4% of Bridge City Capital LLC's investment portfolio, making the stock its 3rd largest holding. Bridge City Capital LLC owned 0.06% of MasTec worth $8,412,000 as of its most recent SEC filing.

• This infrastructure construction stock: Is it ready to pop?

Other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its stake in MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company's stock valued at $33,000 after purchasing an additional 137 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of MasTec during the second quarter worth about $35,000. Evelyn Partners Asset Management Ltd acquired a new position in MasTec in the 2nd quarter valued at about $43,000. Farther Finance Advisors LLC raised its stake in MasTec by 228.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 276 shares of the construction company's stock valued at $47,000 after acquiring an additional 192 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in MasTec during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 78.10% of the company's stock.

Insider Buying and Selling at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the completion of the sale, the chief operating officer directly owned 184,249 shares in the company, valued at approximately $36,930,869.56. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $190.39, for a total value of $571,170.00. Following the completion of the sale, the director owned 35,277 shares in the company, valued at approximately $6,716,388.03. This represents a 7.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 16,929 shares of company stock valued at $3,394,013. Corporate insiders own 21.30% of the company's stock.

Analyst Upgrades and Downgrades

• Rate cuts could send MasTec stock earnings through the roof

A number of research firms have recently issued reports on MTZ. Mizuho set a $254.00 target price on MasTec in a report on Monday, November 3rd. The Goldman Sachs Group boosted their price objective on shares of MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Robert W. Baird raised their target price on shares of MasTec from $238.00 to $249.00 and gave the stock an "outperform" rating in a research note on Monday, November 3rd. Guggenheim reaffirmed a "neutral" rating and issued a $215.00 target price on shares of MasTec in a report on Wednesday, October 15th. Finally, Truist Financial boosted their price target on shares of MasTec from $248.00 to $253.00 and gave the stock a "buy" rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $229.44.

Check Out Our Latest Report on MTZ

MasTec Stock Performance

• Construction activity suddenly booming, 3 stocks you can't miss

NYSE:MTZ opened at $217.92 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $224.03. The stock has a market cap of $17.19 billion, a PE ratio of 51.76 and a beta of 1.94. The firm's fifty day simple moving average is $205.56 and its 200-day simple moving average is $185.38.

MasTec 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.

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