Securian Asset Management Inc. Has $629,000 Stock Holdings in MasTec, Inc. (NYSE:MTZ)

Securian Asset Management Inc. lessened its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,619 shares of the construction company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in MasTec were worth $629,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock worth $25,000 after acquiring an additional 116 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of MasTec in the 4th quarter valued at $4,793,000. Daiwa Securities Group Inc. grew its holdings in shares of MasTec by 8.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 70,500 shares of the construction company’s stock valued at $9,598,000 after buying an additional 5,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MasTec by 7.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 120,129 shares of the construction company’s stock valued at $16,354,000 after buying an additional 8,455 shares during the period. Finally, TradeLink Capital LLC acquired a new position in shares of MasTec in the 4th quarter valued at $295,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MTZ shares. Truist Financial boosted their price target on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Citigroup upped their target price on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Barclays upped their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their target price on shares of MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Finally, Robert W. Baird reduced their target price on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.14.

MasTec Trading Up 3.5 %

Shares of NYSE:MTZ opened at $120.61 on Monday. The company’s 50-day moving average price is $137.76 and its two-hundred day moving average price is $132.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. MasTec, Inc. has a one year low of $82.29 and a one year high of $166.95. The stock has a market capitalization of $9.56 billion, a PE ratio of 107.69 and a beta of 1.74.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. On average, equities analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

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.