Brokerages Set MasTec, Inc. (NYSE:MTZ) Target Price at $150.23

MasTec, Inc. (NYSE:MTZ) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $150.23.

Several equities analysts recently issued reports on MTZ shares. Citigroup boosted their price objective on MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird increased their price objective on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. KeyCorp raised their price objective on shares of MasTec from $123.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. UBS Group upped their target price on shares of MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen lifted their price target on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Insider Activity at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the sale, the director now directly owns 42,478 shares of the company’s stock, valued at approximately $6,159,310. This represents a 6.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the transaction, the chief operating officer now owns 187,202 shares of the company’s stock, valued at $28,080,300. The trade was a 5.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,823 shares of company stock valued at $4,619,121. 21.30% of the stock is owned by corporate insiders.

Institutional Trading of MasTec

A number of hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc raised its stake in MasTec by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock valued at $281,000 after acquiring an additional 82 shares during the period. Coldstream Capital Management Inc. raised its position in shares of MasTec by 2.8% in the third quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock valued at $423,000 after purchasing an additional 94 shares during the period. New York State Teachers Retirement System raised its position in shares of MasTec by 0.4% in the third quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company’s stock valued at $3,269,000 after purchasing an additional 100 shares during the period. Victory Capital Management Inc. lifted its stake in shares of MasTec by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock worth $1,583,000 after buying an additional 101 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of MasTec by 46.3% during the 3rd 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 period. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Stock Performance

MTZ stock opened at $135.73 on Wednesday. MasTec has a 1-year low of $60.96 and a 1-year high of $150.12. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market cap of $10.75 billion, a PE ratio of 121.19 and a beta of 1.72. The business’s 50-day moving average price is $136.37 and its two-hundred day moving average price is $120.38.

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.