First National Bank of Omaha Makes New Investment in MasTec, Inc. $MTZ

First National Bank of Omaha bought a new stake in MasTec, Inc. (NYSE:MTZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,580 shares of the construction company’s stock, valued at approximately $5,444,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its position in shares of MasTec by 344.4% during the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares during the last quarter. Caldwell Trust Co purchased a new position in MasTec during the 2nd quarter worth $29,000. 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. Evelyn Partners Asset Management Ltd purchased a new stake in shares of MasTec in the second quarter valued at about $43,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of MasTec during the third quarter worth about $43,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

MTZ opened at $267.56 on Wednesday. MasTec, Inc. has a 1-year low of $99.70 and a 1-year high of $276.79. The stock has a market cap of $21.11 billion, a P/E ratio of 63.55 and a beta of 1.94. The stock’s 50 day simple moving average is $236.26 and its 200 day simple moving average is $211.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.33 and a quick ratio of 1.30.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTZ. Cantor Fitzgerald initiated coverage on MasTec in a research report on Friday, January 23rd. They issued an “overweight” rating and a $274.00 price target on the stock. Truist Financial upped their price target on MasTec from $253.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Stifel Nicolaus lifted their price objective on shares of MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Finally, Citigroup raised their target price on shares of MasTec from $248.00 to $284.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $238.16.

MasTec Company 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.