Analysts’ Weekly Ratings Updates for MasTec (MTZ)

MasTec (NYSE: MTZ) recently received a number of ratings updates from brokerages and research firms:

• 11/5/2024 – MasTec had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $166.00 price target on the stock, up previously from $151.00.
• 11/5/2024 – MasTec was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $173.00 price target on the stock, up previously from $133.00.
• 11/4/2024 – MasTec had its price target raised by analysts at Robert W. Baird from $120.00 to $153.00. They now have a “neutral” rating on the stock.
• 11/4/2024 – MasTec had its price target raised by analysts at Craig Hallum from $125.00 to $150.00. They now have a “buy” rating on the stock.
• 11/4/2024 – MasTec had its price target raised by analysts at TD Cowen from $115.00 to $160.00. They now have a “buy” rating on the stock.
• 10/23/2024 – MasTec had its price target raised by analysts at UBS Group AG from $129.00 to $147.00. They now have a “buy” rating on the stock.
• 10/22/2024 – MasTec had its price target raised by analysts at Citigroup Inc. from $122.00 to $150.00. They now have a “buy” rating on the stock.
• 10/10/2024 – MasTec had its price target raised by analysts at Stifel Nicolaus from $121.00 to $150.00. They now have a “buy” rating on the stock.
• 10/9/2024 – MasTec had its price target raised by analysts at The Goldman Sachs Group, Inc. from $115.00 to $130.00. They now have a “neutral” rating on the stock.
• 10/9/2024 – MasTec had its price target raised by analysts at Truist Financial Co. from $112.00 to $133.00. They now have a “hold” rating on the stock.
• 10/8/2024 – MasTec had its price target raised by analysts at KeyCorp from $123.00 to $145.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – MasTec is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $153.00 price target on the stock.

MasTec Stock Up 2.4 %

NYSE:MTZ traded up $3.22 during trading hours on Wednesday, hitting $139.76. 967,889 shares of the company’s stock traded hands, compared to its average volume of 853,378. The stock’s fifty day moving average price is $120.16 and its two-hundred day moving average price is $110.75. MasTec, Inc. has a twelve month low of $46.70 and a twelve month high of $140.32. The firm has a market cap of $11.07 billion, a P/E ratio of 124.79 and a beta of 1.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 19,023 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $135.63, for a total value of $2,580,089.49. Following the sale, the chief operating officer now owns 197,202 shares of the company’s stock, valued at $26,746,507.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, COO Robert E. Apple sold 19,023 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $135.63, for a total transaction of $2,580,089.49. Following the completion of the transaction, the chief operating officer now owns 197,202 shares in the company, valued at $26,746,507.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the transaction, the chief operating officer now directly owns 217,202 shares of the company’s stock, valued at $27,426,096.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,823 shares of company stock worth $5,558,301 over the last three months. Corporate insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc raised its holdings in MasTec by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock worth $281,000 after buying an additional 82 shares during the period. Sycomore Asset Management raised its position in MasTec by 8.8% in the 3rd quarter. Sycomore Asset Management now owns 22,437 shares of the construction company’s stock valued at $2,754,000 after buying an additional 1,817 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of MasTec by 0.8% in the third quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock worth $1,583,000 after purchasing an additional 101 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of MasTec in the 3rd quarter valued at about $549,000. Finally, Lisanti Capital Growth LLC raised its holdings in MasTec by 31.4% during the third quarter. Lisanti Capital Growth LLC now owns 43,090 shares of the construction company’s stock worth $5,304,000 after acquiring an additional 10,305 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

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.