Nomura Holdings Inc. Buys Shares of 17,000 MasTec, Inc. (MTZ)

Nomura Holdings Inc. purchased a new position in MasTec, Inc. (NYSE:MTZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,000 shares of the construction company’s stock, valued at approximately $688,000.

Other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new position in shares of MasTec in the fourth quarter worth $26,000. Flagship Harbor Advisors LLC grew its stake in shares of MasTec by 378.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 948 shares of the construction company’s stock worth $38,000 after purchasing an additional 750 shares in the last quarter. IFP Advisors Inc grew its stake in shares of MasTec by 138.9% in the fourth quarter. IFP Advisors Inc now owns 989 shares of the construction company’s stock worth $40,000 after purchasing an additional 575 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of MasTec in the fourth quarter worth $53,000. Finally, LS Investment Advisors LLC bought a new position in shares of MasTec in the fourth quarter worth $141,000. 84.20% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on MTZ shares. DA Davidson decreased their price target on MasTec to $57.00 and set a “buy” rating for the company in a research note on Monday, February 4th. ValuEngine raised MasTec from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Barclays reissued a “buy” rating and issued a $57.00 price target on shares of MasTec in a research note on Wednesday. Zacks Investment Research raised MasTec from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Friday, January 4th. Finally, B. Riley decreased their price target on MasTec from $71.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. MasTec currently has a consensus rating of “Buy” and a consensus price target of $57.44.

Shares of MTZ stock opened at $47.65 on Friday. MasTec, Inc. has a fifty-two week low of $37.24 and a fifty-two week high of $54.70. The stock has a market cap of $3.62 billion, a P/E ratio of 13.09, a PEG ratio of 1.41 and a beta of 1.42. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 0.95.

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MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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