MasTec (NYSE:MTZ) Price Target Raised to $155.00 at Stifel Nicolaus

MasTec (NYSE:MTZ) had its price target raised by Stifel Nicolaus from $153.00 to $155.00 in a report released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Other analysts have also issued reports about the stock. KeyCorp lifted their target price on shares of MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Craig Hallum lifted their price objective on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 4th. Citigroup increased their target price on MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird boosted their price target on MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group increased their price objective on MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.00.

MasTec Stock Up 3.8 %

Shares of MTZ stock opened at $137.85 on Wednesday. MasTec has a one year low of $60.96 and a one year high of $150.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The stock has a fifty day moving average price of $134.08 and a 200 day moving average price of $118.12. The stock has a market cap of $10.92 billion, a P/E ratio of 123.08 and a beta of 1.72.

Insiders Place Their Bets

In related news, COO Robert E. Apple sold 800 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the sale, the chief operating officer now owns 216,402 shares of the company’s stock, valued at $28,140,916.08. This trade represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the director now owns 42,478 shares in the company, valued at $6,159,310. The trade was a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,823 shares of company stock valued at $7,493,301 in the last 90 days. 21.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MasTec

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in MasTec during the 3rd quarter worth $25,000. Hobbs Group Advisors LLC bought a new position in shares of MasTec in the 2nd quarter worth $27,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of MasTec during the second quarter worth $40,000. UMB Bank n.a. grew its stake in shares of 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 purchasing an additional 120 shares during the period. Finally, True Wealth Design LLC bought a new stake in MasTec in the third quarter valued at about $57,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.