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

Shares of MasTec, Inc. (NYSE:MTZ) have been given an average rating of “Moderate Buy” by the thirteen research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $143.08.

Several research firms recently weighed in on MTZ. Citigroup lifted their price objective on shares of MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Craig Hallum lifted their price objective on shares of MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group lifted their price objective on shares of MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Robert W. Baird lifted their price objective on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, B. Riley lifted their price objective on shares of MasTec from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, August 5th.

MasTec Stock Up 2.0 %

Shares of NYSE:MTZ opened at $132.61 on Tuesday. The company has a 50 day moving average of $119.20 and a 200-day moving average of $110.03. MasTec has a one year low of $46.70 and a one year high of $138.87. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 118.40 and a beta of 1.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.27 and a quick ratio of 1.23.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total value of $348,780.00. Following the transaction, the director now directly owns 48,173 shares in the company, valued at approximately $5,600,592.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00. Following the completion of the sale, the director now owns 48,173 shares of the company’s stock, valued at $5,600,592.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Robert E. Apple sold 20,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 23,800 shares of company stock worth $2,978,212 over the last ninety days. Insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTZ. BNP Paribas Financial Markets increased its position in MasTec by 156.6% during the 1st quarter. BNP Paribas Financial Markets now owns 19,359 shares of the construction company’s stock valued at $1,805,000 after purchasing an additional 11,816 shares during the period. Janney Montgomery Scott LLC acquired a new stake in MasTec during the 1st quarter valued at approximately $463,000. Jennison Associates LLC acquired a new stake in MasTec during the 1st quarter valued at approximately $231,000. Texas Permanent School Fund Corp grew its position in shares of MasTec by 1.6% during the 1st quarter. Texas Permanent School Fund Corp now owns 52,806 shares of the construction company’s stock worth $4,924,000 after buying an additional 817 shares during the period. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in shares of MasTec during the 1st quarter worth approximately $843,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.