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

Shares of MasTec, Inc. (NYSE:MTZ) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $157.21.

Several research analysts recently weighed in on the stock. TD Cowen upped their price objective on MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Craig Hallum upped their price target on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Guggenheim started coverage on MasTec in a report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price target on the stock. UBS Group boosted their price objective on MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $166.00 target price (up previously from $151.00) on shares of MasTec in a research note on Tuesday, November 5th.

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the sale, the director now owns 42,478 shares of the company’s stock, valued at $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert E. Apple sold 19,023 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $135.63, for a total value of $2,580,089.49. Following the completion of the transaction, the chief operating officer now owns 197,202 shares of the company’s stock, valued at $26,746,507.26. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,023 shares of company stock valued at $4,515,089 over the last three months. 21.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in MasTec by 12.9% in the 2nd quarter. American Century Companies Inc. now owns 15,557 shares of the construction company’s stock worth $1,664,000 after purchasing an additional 1,777 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of MasTec during the second quarter worth about $40,000. Envestnet Asset Management Inc. grew its holdings in shares of MasTec by 169.7% during the second quarter. Envestnet Asset Management Inc. now owns 21,703 shares of the construction company’s stock worth $2,322,000 after buying an additional 13,656 shares in the last quarter. Amalgamated Bank raised its position in MasTec by 2.8% in the 2nd quarter. Amalgamated Bank now owns 37,771 shares of the construction company’s stock valued at $4,041,000 after buying an additional 1,030 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in MasTec by 12.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,170 shares of the construction company’s stock valued at $553,000 after acquiring an additional 582 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Trading Down 0.4 %

Shares of NYSE MTZ opened at $159.50 on Friday. MasTec has a 1-year low of $63.97 and a 1-year high of $166.95. The company has a 50-day moving average of $143.34 and a two-hundred day moving average of $126.29. The company has a market cap of $12.64 billion, a PE ratio of 142.41 and a beta of 1.74. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

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.