MasTec (NYSE:MTZ) Given New $153.00 Price Target at Robert W. Baird

MasTec (NYSE:MTZ) had its price objective raised by Robert W. Baird from $120.00 to $153.00 in a research note published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock.

MTZ has been the topic of several other reports. DA Davidson upped their price objective on shares of MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th. The Goldman Sachs Group raised their price objective on shares of MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. began coverage on shares of MasTec in a report on Monday, October 7th. They set an “overweight” rating and a $153.00 target price on the stock. KeyCorp raised their price target on MasTec from $123.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, B. Riley boosted their price objective on MasTec from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, August 5th. 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, MasTec currently has an average rating of “Moderate Buy” and an average target price of $146.15.

MasTec Stock Performance

Shares of MTZ traded up $4.88 during mid-day trading on Monday, hitting $137.49. The stock had a trading volume of 134,816 shares, compared to its average volume of 849,727. 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 firm has a market cap of $10.89 billion, a P/E ratio of 123.23 and a beta of 1.70. MasTec has a 52 week low of $46.70 and a 52 week high of $139.39. The business has a fifty day moving average price of $119.64 and a 200-day moving average price of $110.38.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total value of $348,780.00. Following the completion of the transaction, the director now owns 48,173 shares of the company’s stock, valued at $5,600,592.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Robert E. Apple sold 800 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 216,402 shares in the company, valued at $28,140,916.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total value of $348,780.00. Following the completion of the sale, the director now directly owns 48,173 shares of the company’s stock, valued at approximately $5,600,592.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,800 shares of company stock worth $2,978,212. Insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MasTec

Hedge funds have recently made changes to their positions in the business. Lisanti Capital Growth LLC grew its holdings in shares of MasTec by 31.4% during the 3rd quarter. Lisanti Capital Growth LLC now owns 43,090 shares of the construction company’s stock valued at $5,304,000 after purchasing an additional 10,305 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in MasTec during the third quarter valued at about $3,195,000. Crossmark Global Holdings Inc. grew its stake in shares of MasTec by 216.4% during the third quarter. Crossmark Global Holdings Inc. now owns 11,673 shares of the construction company’s stock valued at $1,437,000 after buying an additional 7,984 shares during the last quarter. Atria Investments Inc purchased a new position in shares of MasTec in the third quarter worth about $302,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of MasTec in the third quarter worth about $203,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Company Profile

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.