Lisanti Capital Growth LLC Has $5.81 Million Stock Holdings in MasTec, Inc. $MTZ

Lisanti Capital Growth LLC increased its position in shares of MasTec, Inc. (NYSE:MTZ) by 25.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,278 shares of the construction company’s stock after acquiring an additional 5,503 shares during the quarter. MasTec comprises approximately 1.4% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 24th biggest holding. Lisanti Capital Growth LLC’s holdings in MasTec were worth $5,805,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its stake in MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after buying an additional 93 shares during the period. Caldwell Trust Co acquired a new stake in shares of MasTec during the second quarter worth $29,000. Parkside Financial Bank & Trust lifted its position in MasTec by 253.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after acquiring an additional 137 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in MasTec during the 2nd quarter worth about $35,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in shares of MasTec in the 2nd quarter valued at about $43,000. Institutional investors own 78.10% of the company’s stock.

Insider Activity at MasTec

In other news, CAO Timothy Michael Love sold 1,929 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $206.15, for a total transaction of $397,663.35. Following the transaction, the chief accounting officer directly owned 9,757 shares in the company, valued at $2,011,405.55. The trade was a 16.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 21.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MTZ shares. Cantor Fitzgerald began coverage on MasTec in a research report on Friday, January 23rd. They set an “overweight” rating and a $274.00 price objective for the company. Truist Financial boosted their target price on MasTec from $253.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Guggenheim reaffirmed a “neutral” rating and set a $215.00 price target on shares of MasTec in a research note on Wednesday, October 15th. KeyCorp reiterated an “overweight” rating and issued a $264.00 price objective on shares of MasTec in a report on Wednesday, January 7th. Finally, Robert W. Baird boosted their price objective on shares of MasTec from $238.00 to $249.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, MasTec presently has an average rating of “Buy” and an average target price of $238.16.

MasTec Trading Down 1.7%

Shares of MasTec stock opened at $240.80 on Friday. The stock has a market cap of $19.00 billion, a P/E ratio of 57.20 and a beta of 1.91. 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 12-month low of $99.70 and a 12-month high of $250.99. The business’s 50 day moving average is $225.72 and its 200-day moving average is $204.26.

MasTec Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.