MasTec, Inc. (NYSE:MTZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

MasTec, Inc. (NYSE:MTZ) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $150.23.

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of MasTec from $153.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen upped their price objective on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Truist Financial raised their target price on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Robert W. Baird boosted their price target on MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, UBS Group raised their price objective on MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd.

Insider Activity

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the sale, the director now directly owns 42,478 shares in the company, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 800 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the transaction, the chief operating officer now owns 216,402 shares in the company, valued at approximately $28,140,916.08. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,823 shares of company stock valued at $4,619,121 over the last ninety days. 21.30% of the stock is currently owned by corporate insiders.

Institutional Trading of MasTec

A number of hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in MasTec in the third quarter worth about $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of MasTec in the 2nd quarter worth approximately $40,000. UMB Bank n.a. boosted its holdings in shares of MasTec by 46.3% in the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after buying an additional 120 shares during the last quarter. True Wealth Design LLC bought a new stake in MasTec during the third quarter valued at approximately $57,000. Finally, GAMMA Investing LLC increased its holdings in MasTec by 39.9% during the third quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $63,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Trading Up 0.3 %

NYSE MTZ opened at $136.14 on Wednesday. The firm has a market capitalization of $10.79 billion, a PE ratio of 121.55 and a beta of 1.72. The stock’s 50 day moving average is $136.74 and its 200 day moving average is $120.84. MasTec has a twelve month low of $60.96 and a twelve month high of $150.12. The company has a quick ratio of 1.20, a current ratio of 1.24 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.