MasTec, Inc. (NYSE:MTZ) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in MasTec, Inc. (NYSE:MTZ) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,458 shares of the construction company’s stock after selling 223 shares during the quarter. Thrivent Financial for Lutherans’ holdings in MasTec were worth $1,780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC purchased a new stake in MasTec in the second quarter valued at $27,000. GAMMA Investing LLC lifted its holdings in shares of MasTec by 64.9% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after buying an additional 144 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of MasTec in the second quarter worth about $40,000. UMB Bank n.a. grew its holdings in MasTec by 46.3% during the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after acquiring an additional 120 shares during the period. Finally, Blue Trust Inc. raised its position in MasTec by 32.6% during the second quarter. Blue Trust Inc. now owns 561 shares of the construction company’s stock valued at $60,000 after acquiring an additional 138 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTZ has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of MasTec from $121.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 10th. UBS Group lifted their price objective on shares of MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird increased their target price on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. DA Davidson lifted their price target on MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, TD Cowen increased their price target on MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.62.

Insider Activity at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00. Following the transaction, the director now directly owns 48,173 shares in the company, valued at $5,600,592.98. The trade was a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert E. Apple sold 20,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the sale, the chief operating officer now owns 217,202 shares in the company, valued at $27,426,096.54. The trade was a 8.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,823 shares of company stock worth $7,493,301 in the last quarter. Company insiders own 21.30% of the company’s stock.

MasTec Stock Performance

Shares of MTZ opened at $144.06 on Friday. The company’s 50 day simple moving average is $131.17 and its 200-day simple moving average is $116.08. The firm has a market cap of $11.42 billion, a PE ratio of 128.63 and a beta of 1.70. MasTec, Inc. has a 12-month low of $57.38 and a 12-month high of $150.12. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

About MasTec

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.